Today I thought I'd get the latest Nemo and check it out, but found out its a bit more tricky than Cinnamon and Muffin. I decided to make a blog post to save anyone else the hassle of figuring it out again.
You can view the Howto here: http://www.xethron.co.za/install-nemo-from-source
Please let me know if anything isn't working as it should.
Hope it helps!