There were a couple of things i had to set up on my new MacBook before I could get access to the gumstix:
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By default
OS X doesn't have Kermit so you'll need to get that
cku211.tar.gz
Ungzip and Untar it
Using the terminal 'cd' into the directory and run 'make macosx103'
Install it with 'sudo make install'
Also you'll need to make the correct lock file so do 'sudo mkdir /var/spool/lock'
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Now it is possible to access the gumstix, connect them up with the serial cable you've made,
You should now access to the gumstix shell.
To send files: