Ok, just performed this install .... below are my comparison times;
System: EPIA-M 10000 /w 256 MB RAM & 5400 spin drive.
Clean W2K Install, default options: 1 min 28 secs from POST to Desktop (playing winamp 2.91).
Clean W2K "lite" Install, default options: 49 secs from POST to Desktop (playing winamp 2.91).
While neither number is stellar, shaving 39 secs off the baseline is pretty damn good, if you ask me. I'm curious to see how quick this could be after a few tweaks!