The project is called MyLiveOS, while based on what a lot of people have been trying with the gmailfs, and some others i have seen. There is a screenshot on the main page as well as some other stuff. The site is fully functional including the forums. http://myliveos.com/modules.php?name=Forums
1st Release is scheduled for October 15, 2004. More information can be found on the sites homepage. Features include configuration and possible data storage saved on a ftp mounted filing system. Optional one click windows touch and feel config. and many other goodies. Please leave all feedback on that sites forum as I am often checking and configuring that site. and not as often on here.