EDIT - the iso has been removed as is currently not an easy update, if you are looking for PCLinxuOS-Light, please head over to the PCLinuxOS-Light (RAW Edition) thread - link to follow
I am glad to announce the release of
PCLinuxOS-Light (Iced-Latte Edition)
Iso size is 398.90megs
MD5sum 3daf1ab24f038307a45b7a388dbfef7a PCLinuxOS-Light32.isoMinimum Recommended Specifications Pentium 2 with 128 megs of RAM
So whats in it ?
Before we look at the applications included, first lets look at the window managers you have a choice of
IceWM (default) 
IceWM is lightweight X11 window manager. The goal of IceWM is to provide a small, fast and familiar window manager for the X11 window system. Compatibility with the window manager is desired and will be implemented where appropriate.
It was originally designed to emulate the look of Motif, OS/2 Warp 4, OS/2 Warp 3 and Windows 95. Since it has a theming engine (hint:http://www.icewm.org/) others styles are possible. It also tries to combine the feel of the above systems whenever it is compatible.
Generally, it tries to make all functions available both by keyboard and by mouse (this is not currently possible when using mouse focus). Extreme configurability similar to fvwm and many other window managers is NOT the goal. However IceWM configurability is very good throught its variouspreferences files.
WindowMaker
Window Maker is a X11 window manager with a NEXTSTEP look. It tries to emulate NeXT's look as much as possible, but it deviates from it as necessary
and has been covered in depth withing the PCLinuxOS Magazine
starting hereBlackbox
Blackbox is a window manager for the Open Group's X Window System, Version 11 Release 6 and above. Its design is meant to be visually minimalist and fast.
Blackbox is similar to the NeXT interface and Windowmaker. Applications are launched using a menu which is accessed by right clicking on the root window. Workspaces, a system of virtual desktops are controlled via a menu which is accessed by middle clicking on the root window and by using the toolbar. Individual windows can be controlled by buttons on the title bar and more options are available by right clicking on the title bar.
Blackbox is able to generate beautiful window decorations on the fly at high speed. Themes, called styles in Blackbox terminology, are very flexible but the use of pixmaps has been purposefully avoided to eliminate dependencies and excess memory usage.
Blackbox itself does not directly handle key bindings like most other window managers.
Fluxbox
fluxbox(1) provides configurable window decorations, a root menu to launch applications and a toolbar that shows the current workspace name, a set of application names and the current time. There is also a workspace menu to add or remove workspaces. The 'slit' can be used to dock small applications; e.g. most of the bbtools can use the slit.
fluxbox(1) can iconify windows to the toolbar, in addition to adding the window to the Icons submenu of the workspace menu. One click and they reappear. A double-click on the titlebar of the window will shade it; i.e. the window will disappear, and only the titlebar will remain visible.
fluxbox(1) uses its own graphics class to render its images on the fly. By using style files, you can determine in great detail how your desktop looks. fluxbox styles are compatible with those of Blackbox 0.65 or earlier versions, so users migrating can still use their current favourite themes.
fluxbox(1) supports the majority of the Extended Window Manager Hints (EWMH) specification, as well as numerous other Window Hinting standards. This allows all compliant window managers to provide a common interface to standard features used by applications and desktop utilities.
RatPoison"the X-Window manager for those that use 'screen' in the console"
errr no screenie for this one - there is literally no point instead have a
look hereWMii
Although this iso is not quite the same
read this to get an ideaEuclid-WM
euclid-wm - A highly flexible, minimal, dynamic, tiling window manager
This is the window manager I use, it has no ‘float’ layer (which is really a feature]
EUCLID(1) EUCLID(1)
NAME
euclid-wm - A highly flexible, minimal, dynamic, tiling window manager
SYNOPSIS
start-euclid
euclid-wm (started directly euclid will not check for config files.)
DESCRIPTION
euclid (euclid-wm) aims to be a highly flexible tiling window manger,
which allows easy management of large collections of windows entirely
from the keyboard.
USAGE
Basic Concepts
Euclid's state can be described as:
* views. These are arranged in a series. Up to 9 of them are num‐
bered. They are composed of a set of visible windows (arranged
in tracks ) and minimized windows (stored in a stack ).
* tracks are either rows or columns (the orientation can be tog‐
gled at runtime), that contain visible windows.
* stack is a set of minimized windows, associated with a view,
which can be viewed at the bottom of the screen in the form of a
box containing their titles.
All bindings are prefaced by a mod ("M", defaults to mod1, i.e.,
alt).
Starting Programs
M + <enter> - start run dialogue (dmenu). NB: this takes key‐
board focus as long as it is open; Once it is opened you must
either select a command (with enter) or exit the dialog (with
esc).
M + <shift> + <enter> - start x-terminal-emulator
Basic Window Manipulation
M + h/j/k/l - move focus left/down/up/right
M + H/J/K/L - move focused window left/down/up/right
M + u/i/o/p - resize window: move lower right corner
left/down/up/right
M + <esc> - close currently focused window
M + <shift> + <esc> - kill window (for unresponsive programs)
The Stack
The stack maintains its own focus; The currently focused item can be
identified by its blue color.
M + <space> - Toggle the stack's visibility
M + . - Move the currently focused window to the stack (i.e.,
minimize it)
M + , - Move the currently focused stack item to the main area
(i.e., restore it)
M + / - Swap currently focused stack item and currently focused
main item.
M + ;/' - Move stack focus up/down
M + <shift> + ;/' - Shift the stack item up/down in the stack
Manipulating Views
M + n/m - Move to the previous/next view
M + N/M - Move currently focused window to the previous/next
view
M + 1-9 - Move to the 1-9th view
M + <shift> + 1-9 - Move the currently focused window to the
1-9th view
A note on the order and numbering of views: The enumeration is
not strictly accurate; View 9 may not be the 9th view. Specifi‐
cally, once a view is assigned a number it retains that number
regardless of where it actually falls in the list of views. This
is so that accessing views based on their number remains consis‐
tent.
The first view, created when euclid starts, is view 1; Going to
the previous view makes a new view, but view 1 remains the orig‐
inal one, even though by counting it is now actually the second.
Likewise, if one starts on view 1, and goes to view 9, view 9
remains view 9, even though it may actually be the second view.
However, numbered views are always in order. So if one starts
with view 1 and creates view 9, then creates view 8, view 8 will
be placed between views 1 and 9.
Other
M + <shift> + <space> - Change to fullscreen mode.
Notes on fullscreen mode: In fullscreen mode the stack is dis‐
abled, widows cannot be added or taken out. j/k will cycle
through all windows on the view in a linear way. If the view is
in fullscreen mode and the current window closes, euclid will
switch back to its normal tiled layout.
M + <tab> - toggle the orientation of the tracks (vertical or
horizontal layout)
M + Q - quit euclid.
M + r - reload config file in place.
M + <shift> + ? - search a list of all windows presented in
dmenu.
M + PgUp/PgDown - when multiple screen is in use, switch focus
to previous/next screen.
NB: multiscreen is experimental and is included mainly for test‐
ing purposes (I would say "undocumented" but . . . ): Multi‐
screen behavior (including these bindings) may change signifi‐
cantly. Don't expect it to work consistently yet, and don't
expect it to remain the same.
Changing the default ModKey:
you can change each user's modkey by editing line 47 of /home/<username>/.config/euclid-wm
you can change the default terminal by adjusting line 58 in the same file
in lines130-151 you can set the keybindings to the F1 - F8 keys
In addition to the general detail aboveI thought it prudent to note the default PCLinuxOS keybindings
Modkey +
F1 - xxxterm browsers
F2 - sylpheed
F3 - xchat
F4 - gpicview
F5 - pcmanfm
F6 - leafpad
F7 - PCLinuxOS Control Center
F8 - Synaptic
NWMhas two entries on the session menu each sets a different modkey - more on that later

nwm - miNimalistic Window Manager for X11.
nwm is a minimalist window manager based on evilwm, extended to feature many keyboard controls, and otherwise altered to be more friendly. You can control it with a mouse by clicking and dragging on 3-pixels border, window title or buttons or by pressig HOTK key and then additional key.
TWM
Twm is a window manager for the X Window System. It provides titlebars, shaped windows,
several forms of icon management, user-defined macro functions, click-to-type and pointer-driven keyboard focus, and user-specified key and pointer button bindings.