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MUST Items: 

OK - rpmlint is clean
OK - follows Naming Guidelines
OK - spec file is named as %{name}.spec

xx - package does not meet Packaging Guidelines
    + BuildRoot MUST contain at least %{name}, %{version} and %{release}.
Recommended values can be found at
https://fedoraproject.org/wiki/Packaging/Guidelines#BuildRoot_tag in decreasing
order of preference.
    + According to
https://fedoraproject.org/wiki/Packaging/Guidelines#Parallel_make you should use
'make %{?_smp_mflags}' whenever possible. In this case since upstream supports
parallel builds you should use it.
    + According to
https://fedoraproject.org/wiki/Packaging/Guidelines#Why_the_.25makeinstall_macro_should_not_be_used
%makeinstall macro should not be used. To also preserve timestamps you could
consider using:
      make install INSTALL="%{__install} -p" DESTDIR=$RPM_BUILD_ROOT
      (Koji scratch build:
http://koji.fedoraproject.org/koji/taskinfo?taskID=662427)
    + Looks like http://live.gnome.org/LibSoup would be a better choice for the URL.
    + Why is disable-gtk-doc used? The Fedora 8 package does not use it. Maybe
you could put a comment explaining it.
    + Why not include the ChangeLog in %doc?

OK - license meets Licensing Guidelines
OK - License field meets actual license
OK - upstream license file included in %doc
OK - spec file uses American English
OK - spec file is legible
OK - sources match upstream sources
OK - package builds successfully
OK - ExcludeArch not needed
OK - build dependencies correctly listed
OK - no locales
OK - no shared libraries
OK - package is not relocatable
OK - file and directory ownership
OK - no duplicates in %file

OK - file permissions set properly
    + The preferred attribute definition is: %defattr(-,root,root,-)

OK - %clean present

OK - macros used consistently
    + While %{name} is used at other places, libsoup is used in the %setup and
%files stanzas. You could consider using %{name} in those places too.

OK - contains code and permissable content
OK - -doc is not needed
OK - contents of %doc does not affect the runtime
OK - header files in -devel
OK - no static libraries
OK - -devel has *.pc file and requires pkgconfig
OK - library files without suffix in -devel
OK - -devel requires base package
OK - no libtool archives
OK - %{name}.desktop file not needed
OK - does not own files or directories owned by other packages
OK - buildroot correctly prepped
OK - all file names valid UTF-8

SHOULD Items:

OK - upstream provides license text
xx - no translations for description and summary
OK - package builds in mock successfully
OK - package builds on all supported architectures
OK - package functions as expected
OK - scriptlets are sane
OK - subpackages other than -devel are not needed
OK - pkgconfig files in -devel
OK - no file dependencies

The BuildRequires: pkgconfig is not needed because the other -devel
BuildRequires pull in pkgconfig anyway.

Fixed in libsoup-2.23.1-4.fc10.

Running rpmlint on the installed package in F-8 throws these:

libsoup.x86_64: W: unused-direct-shlib-dependency
/usr/lib64/libsoup-2.2.so.8.5.0 /lib64/libgthread-2.0.so.0
The binary contains unused direct shared library dependencies.  This may
indicate gratuitously bloated linkage; check that the binary has been linked
with the intended shared libraries only.

libsoup.x86_64: W: unused-direct-shlib-dependency
/usr/lib64/libsoup-2.2.so.8.5.0 /lib64/librt.so.1
The binary contains unused direct shared library dependencies.  This may
indicate gratuitously bloated linkage; check that the binary has been linked
with the intended shared libraries only.

libsoup.x86_64: W: unused-direct-shlib-dependency
/usr/lib64/libsoup-2.2.so.8.5.0 /lib64/libgpg-error.so.0
The binary contains unused direct shared library dependencies.  This may
indicate gratuitously bloated linkage; check that the binary has been linked
with the intended shared libraries only.

I don't have a Rawhide system at hand, so not sure whether these are present
there too. These can be removed by putting the following before invoking make
(see anjuta and glade3):
sed --in-place --expression 's! -shared ! -Wl,--as-needed\0!g' libtool

Everything else looks fine to me.

+---------------------------------+
| This package is APPROVED by me. |
+---------------------------------+

Could you please close this review after resolving the
"unused-direct-shlib-dependency" issues?

Fixed in libsoup-2.23.1-6.fc10.