you can indeed get to a shell window (hires, 640x256 I think) just by making a blank disk bootable. If you put the loadwb command on there as well and a startup-sequence, you can get a workbench as well. Workbench is in ROM and only needs a function call to activate it! It isn't very functional without all of the system tools and utilities that come on the workbench disk, but you can click on disk icons and run programs from it, so you could run software that wasn't on bootable disks.
Disk blocks are a feature of physical disks, there is no reason a RAM/ROM filesystem has to use them, although it might be convenient to do so. I've no idea how the RAM: drive is formatted in memory.
In the ROM my guess is you could have a structure internally the same as a RAM drive with files on it, and then mount it the same way you'd mount RAM or RAD, only it would have things on it already. So I think it would be very simple to do. I should get the AROS 68k source and have a play with it on an emulator.