Finally after a month or so I've got my system where I wanted it..
I have a installationfootprint of 190mb and only 32mb commit charge..lotsa stuff taken out but still has DHCP and WIFI.
Whats not working is performance counters and folder sharing...no big loss really...and some errors showing up in event viewer.
Now I'm heading for throwing it on a CF or a SD card, with help of this here excellent forum
thanx for the inspiration