In case you all haven't noticed, if you wanted to create a similar interface
to gnome on my FC-LT package selection, all you need to do is configure
XFCE. Like GNOME, XFCE is gtk based, and there is already a great Bluecurve
theme.
Anaconda, the RPM's, the appearance, would all be like Fedora Core, but you
have to remember that in order to create a release that is appropriate for
lower end computers, there need to be changes. No one would expect a LT
distro to be everything that a regular distro is. If the KDE apps can run
w/o the desktop environment, feel free to remove it. If you can find apps
that are as capable and small as the kde ones, feel free to remove them too.
If you want to switch GNOME back to the version distributed in RedHat 7.3,
that would be light enough for a FC-LT.
If you want to re-write GNOME to make it faster and lighter, you can try
that too, it might be light enough for FC-LT.
My idea is not so much about making a 2 CD version of Fedora Core as it is
about putting together a light linux distro that has many of the benefits of
Fedora Core, including compatability, anaconda, bluecurve where possible,
system-config-* utilities, and a fast release cycle.