Indeed, I'm aware of all that. The main downside of putting
Fedora on it
is that a number of pretty important things are still missing (Adobe
Flash, Google Chrome, Open/Libre Office - at least the latter two are
available for ARM Ubuntu).
Chromium would be possible (at least technically, whether it compiles
or not is another matter), more likely for F-14 or later but won't be
in the official Fedora, but then this is no different for x86 Fedora.
OpenOffice/LibreOffice is likely similar, except its already in Fedora
mainline so it should just be a matter of compiling it.
Peter