(1) Curious about why you say Moblin is dead? I missed the announcement!
(2) I'm writing this on a EeePC 1000HA (1GB, 160GB - but I'm using less than 20G) running F12 very nicely.
Moblin and Maemo are merging to produce one project using the best bits of each to produce a single distro
www.meego.com
I run Fedora/xfce/claws on my travelling netbook and its fast and useful. Not the quickest kernel compile box on the planet but that's not surprising. I do wish claws was better at handling slow imap links over mobile phone though.
Alan