I'm not familiar with it - this approach takes an ordinary running instance of Knoppix, from whatever medium, and creates new cloop/squashfs and persistent images from it in a relatively robust way. It can be run as often as needed - this is actually written from my second in row remastering, having included VMware workstation in the cloop. So I have still around 3GB free on the persistent store now. The cloop image is close to the 4GB limit, and as I want to use FAT32 if I like, I may have to use squashfs - or purge some more. (Actually, the cloop I run from now resides on PC main NTFS partition - never use Windows myself, but keep it because some others may do.)
Having way too many of them behind me, I'm not fond of ordinary HD installs - just got my prejudices confirmed today with Debian 6.0.5. Compared it to the beatuful simplicity of pure 64-bits version of Knoppix 6.4.4 - I am trying to find a better way to proceed - but ordinary 64-bits Debian seems to have made little progress the last year.