Troubles Starting Postgres

Been running Postgres on many platforms for sometime and never had much issue starting it.  I recently installed on a
machineand get the following when trying to start it.  I searched the lists and google and didnt find much useful
information.

PGSTAT: bind(2): Cannot assign requested address
Failed to start the postmaster

aegagrus:/home/dneighbo# less /etc/host.conf
order hosts,bind
multi on

aegagrus:/home/dneighbo# less /etc/hosts
127.0.0.1       aegagrus        localhost

I am not sure why its addressing bind....  Any help greatly appreciated.

-derek