I have added additional packages (SUNWgzip, SUNWgrub, SUNWslim-utils) in my short list (see post of December 08). Note: I need only "rtls" driver for this test so you should add packages for your network adapters. Besides, I use checkpoints as it will be necessary to change a script "/lib/svc/method/live-fs-root".
I have downloaded Distribution Constructor kit:
# hg clone ssh://firstname.lastname@example.org/hg/caiman/distro_constructor
I only have changed the list of packages and use my own checkpoint in "build_dist.bash":
# ./build_dist.bash small.conf
After installation of packages I have a pause (thanks to checkpoint). Now it's necessary to remove string "/usr/sbin/set_lang" in "/lib/svc/method/live-fs-root" and set "system/coreadm enabled=false" in generic_live.xml (otherwise there will be an errors after booting). It's only first test, you can change more. Then I finish creating the image. In DC output there will be some errors - the majority of them concerns Gnome which is not present.
I boot LiveCD in virtual machine - at first sight it works perfectly .
The test is fulfilled: for my list of packages the final iso has the size 90mb (but you can add any packages which are necessary for you).