Hi
Quite a few people have been asking me about a equivalent tool. Feel
free to pass this around.
http://rwmj.wordpress.com/2009/03/19/febootstrap-fedora-equivalent-of-deb...
"As I mentioned before I was looking for a Fedora equivalent of Debian’s
debootstrap. The alternatives aren’t really great, so I wrote one
instead. Allow me to present febootstrap, a close copy of debootstrap."
Rahul