I hate to be negative, especially given how coveted CR-48s are/were, but after about a week of getting mine I just had to put Ubuntu on it. Yeah, I spend 70% of my time in the browser, but I just can't give up that other 30% (dev stuff). It's not really worth having a laptop for me without a decent text editor/full ssh capabilities.
It might serve the masses well, but my point is if you're the type of person who would make your own you're probably better off not doing so.