Just a thought....
Just a thought, Fedora Core 6 and CentOS 4.4 would be ideal for basing a distribution from.
GOOGLE : Linux from Scratch and check out the Book of that from cheapbytes.com as well.
I hope someone who created a Fedora or CentOS-based distribution, calls the first release
Enterprise or Vulcan, that would be SOOOOOOOO cool!