Hello,
A Fedora user nicknamed stevea has posted an topic about making micro Fedora. It will be nice to take a look because he may be a very important contributors given his skills in embedded.
" The minimalFedora system weighed in at 67MB. 58MB was in /lib/modules. I could easily pare that down to a few MB, remove unused drivers with a little work. Another 6.5MB was in /boot and 1.7MB in busybox. Aside from the homemade inittab and rcS (init script) it was all from the Fedora distro,".
References: ----------- http://forums.fedoraforum.org/showthread.php?t=190084