EEEbuntu and Easy Peasy are too different things, I think. I put EEEbuntu on the netbook I gave my wife, (an Aspire one, with the 160 GB drive) and she's pretty happy with it. Although the wireless connection is sometimes unreliable for her.
Crunchbang has an EEE version as well. It's an excellent little distro that really took off. There are a ton of posts on their forums about using OpenBox for folks who aren't used to it. (You might find that afterwards, you will wonder why you ever even bothered with Gnome, KDE, and/or XFCE.)
Lastly, a rant (everyone can skip this part.)
Just about all of the netbook manufacturers almost sabotaged Linux on netbooks, by putting on crippled versions, guaranteed to turn off both Windows users and experienced Linux users. Yes, most people want their netbooks with Linux, and much of this is due to the way Linux was presented. Xandros, Linpus, the version of SLED on MSI--all of them were absolutely awful. Acer has almost admitted that MS pressured them as far as Linux on netbooks. In the US, at least, they offered a Linux version with
an 8 GB SSD with VERY slow write speed--updating an Ubuntu install would literally take over 3 hours, due to the slow write speed.
500 MB of RAM,difficult to upgrade--you had to completely dissemble the machine, including taking off the rubber feet on the bottom.
3 hour battery
For about $50 USD more, you could get a 160 GB hard drive, 1 GB of RAM and 6 hour battery. However, that one was only available with Windows, so they were definitely slanting it to push you to get Windows. I believe in the UK, however, the price difference was much greater, so that particular issue might not have applied there.
Ok, rant over.