LiveCD demo video - boot from BIOS to Yahoo in Firefox in 15 seconds
This has just been announced on LKML:
The author claims that this LiveCD has better hardware detection than Knoppix. An ISO download and a poor quality screencast are provided on the home page:
I'm getting the sources right now to see how it is done. The author indicates that it uses tmpfs and lazyfs. I hope the license is GPL and sources are provided.