I'm surprised no-one has mentioned
EeeDora yet,
which really is Fedora 8 customized for the Eee.
I love it, but then again, I have been using Red Hat/Fedora for about 8 years now.
I'm running Fedora on my main development machine,
and it's great to be able to sync easily between my Eee and my desktop.
The ISO image
download page seems to be out of quota ("This account has been suspended. Please contact the billing/support department as soon as possible. "), but you can still get the file easily using Bittorrent: the filename is
EeeDora-2008-06-23_01h15m.iso (about 330 MB)(7 seeders when I last looked).
I wrote up some notes on
the EeeDora installation process.