Customized Open Source software solution for Beagle

With the possession of my  newly acquired fanless embedded platform - The BeagleBoard incorporating state of the art ARM Cortex A8 based TI OMAP3530, I have started to work on a complete software solution customized for Beagle, based on the Linux OS.

The plan is to develop a simple bootloader, that would provide the required functionality of both 1st stage (XLDR) and the 2nd stage (U-Boot) bootloader in a single loader and support booting an ARM Linux OS.
At a secondary level, I envision to customize even the Linux OS specifically for Beagle, by removing unwanted/generalized code that mostly reside to support wide varieties of OMAP platforms, in order to obtain a swift running Linux OS.