Alternative distro to Slax

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http://www.unix.com – Since slax wasn't updated since August 2009 (source: distrowatch), I'm looking for an alternative that can provide similar features, mainly being able to create a livecd or livedvd with a set of programs that I want, even those most recent like mosh. It can be linux or BSD based. I've tried several live distros but I ran out of ram and space. (HowTos)