Apache Stopped Following Symlinks

Yesterday, I had a fistful of sites running locally with no problem. Today, nothing opens and 开发者_Python百科I have a log full of this:

Symbolic link not allowed or link target not accessible: /var/www

I have no idea what I did (I didn't open/change my httpd.conf file in any way), but clearly it was something bad. I run virtual hosts and the root directories are located in ~/Developer/www. In order to share the config files across multiple Macs with different home directories, I've created a symlink, /var/www which points to ~/Developer/www.

All of the virtualhost config files point their DocumentRoot to /var/www/project_directory and its own root directory has the FollowSymLinks option:

<VirtualHost *:80>
  ServerName   localhost
  ServerAlias  localhost.local localhost.dev
  DocumentRoot /var/www/_localhost

  <Directory /var/www/_localhost>
    Options FollowSymLinks Indexes
    AllowOverride None
    Order deny,allow
    Allow from all
  </Directory>
</VirtualHost>

My main httpd.conf file, similarly, has the FollowSymLinks option enabled for /:

<Directory />
  Options FollowSymLinks
  AllowOverride None
  Order deny,allow
  Deny from all
</Directory>

Any idea what I could have done to stop Apache from understanding symlinks or, better yet, what I can do to get it back on track?

Thanks.

UPDATE:

I should add that all of the directories in the "stack" are executable by all users and that this is the native Apache install on OS X Lion.

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I guess I made an assumption that I shouldn't have. I had verified every relevant permission except the one that evidently mattered. Apache didn't have execute permissions on my top level home directory. I checked, re-checked and triple checked everything under that, but having never changed anything in that directory itself, I just didn't anticipate it being the issue.