Chris Negus, who authored on book on Linux live cd's that covered
Kadischi now has a very comprehensive article on Fedora livecd-creator.
Check it out.
"The Fedora project has added a powerful tool to its Linux distribution
to build your own live CD. With a single livecd-creator command and a
kickstart file listing the software you want, you can create a desktop,
gaming, or Web server to run live on most PCs. This article gives
details of how to do that."