In this week's Distrowatch, I read about a new, small Linux distribution called SliTaz GNU/Linux that packs itself into 25 MB of space, loads and runs quickly -- and entirely into memory with 128 MB of RAM -- and can even run with 16 MB of RAM. Sounds a lot like Damn Small Linux and Puppy, but there's always room for one more project that runs like the proverbial wind on new hardware (SliTaz features a modern 2.6.24 kernel) and keeps the old hardware I use working as well as it can.
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