Eghh...
I must admit, if they made a Linux distro that booted into an Amiga like environment, and could pretty well self configure itself using and Amiga Forever CD, I'd prolly use it...
You could have that already today, if you really wanted - you'd just have to do it yourself - get an second hand linux box and install UAE & AmigaOS 3.x ...
...assuming AROS was not an option and that this distro was REALLY resource friendly.
That's an interesting idea - getting a linux distro to work in 64 kB...