Perhaps a more interesting path to go down (at least for official
re-distribution) is a Live DVD. That also includes the installer +
packages so you can kick off an install from it as well. That sounds
more compelling to me in a lot of ways.
fedora-livecd-list exists, jump on and propose some infrastructure for
the creation. At this point, I think the main thing is someone
volunteering to help get the effort going, provide a proof of concept
and then work to refine it.
If people need to facilitate getting test images of fedora livecd/dvd's
out into the world come talk to me about getting torrents up and if you
need a place to just put the images up on the web I can help.
-sv