I re-ran the test with the vsync connected to logic high, and this time I got a stable picture with correct colors. The previous try was failed due to a bad connection (the vsync pin of the AD724 was floating - these tiny connections are hard to see). I haven't tested overscan, only with the boot picture, but You certainly will fix this. I'm waiting for an updated core to test - when it runs fine at my board, I will declare it completed regarding electronic functions.
I did the Mini-ITX verification too today - the hole pattern of the PCB matches perfect a Epia-board and the case it was installed in. The verification left to do is to test the headers for the serial port and the joystick ports. When that passes, I will finalize the design in Protel (some cosmetic changes) and start counting the mails/PM's. A BOM must be assembled and a new project to be created at my homepage.