pyrre wrote:
Why not build a pico psu inside an a500 psu box...
I think the point was to eliminate the need for a sizeable external PSU box, by placing all components in a plugpack.
Zeners do not make very good regulators. They are small and cheap, and can be useful for low power loads. They can be improved with use of output transistors. It also requires a little more effort in design to include good failure modes. In terms of voltage regulation, the zener provides a reference output which sits on its reverse breakdown IV load line, which performs less well than a linear regulator.
There is pleanty of information about zener regulators online, including various designs. I still use zener regs for some applications.