I did have a look at Morphix and it seems pretty cool. But I'm having so much fun playing around with LFS that I'm going to go ahead and do this thing anyway :).

Nah.. no games should be released with such a dist, it just take alot of space AKA BLOATWARE :)

What I mean is I want a dist that solely is optimised for speed.
You have everything compiled (no pre-compiled binaries). Get rid of things
like Syslogd (who needs that on a machine which is optimized for games and speed), sendmail, etc.
A nice clean GUI (fast like icewm or xfce)
I think ill look at lsf aswell :)

Well, after a long delay, I've got some scripts ready to install a basic lfs system on a chrootable environment. Lots of stuff is still manual like video driver installation and disk partitioning, but I'll worry about that later. At the moment, it compiles and installs: glibc, bash, coreutils, file, findutils, ed, grep, net-tools, nano, ncurses, pcre, util-linux, sysvinit, a 2.6.3 kernel and X. It also has some /etc files (like startup scripts) that I stole from Slackware. In order to install it, you need a c compiler and some basic libraries. A simple Slackware 9.1 installation works, but I'm not sure how different compiler versions will work. If anyone wants a copy, post on this forum or email me (neeman at webone dot com dot au) and we can maybe work out a p2p method of transferring files (I don't have a fast enough connection to run a public ftp server :( )