yes it sounds good to me but i could suggest not to use a /home partition
it will leave more flexibility in this limited space situation
pclinux installation with the basic apps is around 3 to 4 gbs(office, many media players, image editors)
my installation and 6 gbs on home is just 13 gbs, that includes e17, gnome, kde4 and lots of apps more
about the swap, how much ram do you have?