Easy Peasy is based on Ubuntu 8.10 and includes custom drivers and software to ensure that the operating system works properly on most Asus Eee PC hardware. The disc image weighs in at just over 800MB, so you’ll either want to burn it to a DVD (rather than a CD) or use something like UNetbootin to install the OS using a USB flash drive.
I don’t have time to take Easy Peasy for a spin tonight as I have to wake up at the crack of dawn tomorrow (actually several hours before hte crack of dawn) to catch my flight to CES. But if you have a chance to try Easy Peasy out before I do, let us know what you think in the comments. How does it compare to Ubuntu Eee 8.04.1? What about Eeebuntu?