Well, I like TTYLinux, but it's not perfect, so I have decided to make a spin. I have completed the first prototype, which has everything I need so far. It will be changed much more, but this is it for today. I call it Pipsqueak Linux. To download Pipsqueak, visit here: http://geekinsnthings.homelinux.org/pipsqueak
I now have a good news page that is visible through the above link.