Hi. I put together a Hardy live CD (using some of the links in the sticky at the top of this forum, by the way ) that uses only GTK1.2 software, and I thought I'd mention it in case anyone is interested. It's nothing earth-shattering, but if you're working on an old machine that can boot from CD, it might be a curiosity. There are lots of better live CDs out there.
In short, you get IceWM-lite, Dillo, Sylpheed-GTK1, emelFM and gtkedit, with a process viewer and an image viewer. It's exceedingly sparse, but kind of quirky. It's also prewired with some speed tweaks, which is either good or bad.
Don't bother telling me if you don't like it or think it pointless; I made it for me, not you.
On the other hand, if you have a suggestion (outside of changing the theme ... ) I'm willing to listen. Don't expect much though; I'm not in the business of masterminding distros.