I got it up and running with X and a win manager. I am not a linux expert by any stretch so I am still experimenting. Its easiest to do any configuration via the serial connection and a terminal program.
I would appreciate help from anyone who'd like to contribute. I was hoping to get enough knowledge/help to make a specialized wireless flavor. You know get it all running perfect then create an image and then anyone who wanted could install it on any ipaq.
The install ipkg package for familiar 5.0 is just over 5mb. Also, they are working on a dual boot solution (linux/ppc) over at
http://www.handhelds.org.