Its been a while, but I think there may be a newer project that may interest you. At the moment its almost shut down as it just made the waiting list on distrowatch, and the site is overloaded. Its called beatrIX and its named after a cat, but that aside it linux, its less than 200 meg, its Gnome, its Evolution, Firefox, Gaim and Openoffice. They claim its "Small elegant, simple. Its a 0.1 and its currently only live cd, next month is HDD install, and after that its USB drives and others. Their test box is an Intel celeron 500 (sort of) and a whopping 128 meg or ram. (actually its a via epia series) SO its about the equivalent of a 7 year old machine. And its running new hardware. I should have the iso tomorrow, and I am trying to get a torrent or local mirror to carry it as soon as I can, otherwise, I am happy to provide ISO's for anyone interested.
I want Evolution or possibly Thunderbird. I don't want dillo, I want a Mozilla. And I want OpenOffice.org. I want equivalent functionality to what I would expect on a common Windows machine.
I know if you want to run tiny distributions on tiny hardware you can. What I want is to run modern applications on older hardware. If modern applications aren't architected to support this, then that is the problem.
Craig