Listed are results of mylivecd I just ran from XFS filesystem:
[root@localhost ~]# /usr/sbin/mylivecd --nodir ^/home/darrel,^home/mysql mylivecd.iso
mylivecd, version 0.9.3,
http://pclinuxos.com/Copyright (C) 2010, Texstar <texstar at gmail.com>
This program is free software; you can redistribute it and/or
modify it under the terms of the GNU General Public License
as published by the Free Software Foundation; either version 2
of the License, or (at your option) any later version.
Disabling Services not needed on the LiveCD
running: /sbin/chkconfig --list
running: chkconfig --del atd
running: /sbin/chkconfig --list
running: chkconfig --del crond
running: /sbin/chkconfig --list
running: chkconfig --del syslog
Warning: syslog is needed by script(s) in runlevel 2: shorewall(start) vboxdrv(start) freshclam(start) freshclam(stop)
Warning: syslog is needed by script(s) in runlevel 3: shorewall(start) vboxdrv(start) freshclam(start) freshclam(stop)
Warning: syslog is needed by script(s) in runlevel 4: shorewall(start) vboxdrv(start) freshclam(start) freshclam(stop)
Warning: syslog is needed by script(s) in runlevel 5: shorewall(start) vboxdrv(start) freshclam(start) freshclam(stop)
running: /sbin/chkconfig --list
running: chkconfig --del kheader
running: /sbin/chkconfig --list
running: chkconfig --del xinetd
Creating initrd: [100.00% 00:00:07/00:00:07]
Setting filesystem parameters: [100.00% 00:00:45/00:00:45]
Creating compressed image: [100.00% 00:27:44/00:27:44]
Creating isolinux boot: [100.00% 00:00:00/00:00:00]
Creating final iso: [100.00% 00:01:01/00:01:01]
Embedding MD5 checksum: [100.00% 00:00:32/00:00:32]
Restoring Services on the installed system
running: chkconfig --add atd
running: chkconfig --add crond
running: chkconfig --add syslog
running: chkconfig --add kheader
running: chkconfig --add xinetd
Created 'mylivecd.iso' (2443,073,536 bytes) in 00:30:20
[root@localhost ~]# ls -l mylivecd.iso
-rw-r--r-- 1 root root 2443073536 2010-06-23 21:07 mylivecd.iso
[root@localhost ~]#