Finally something positive to report!
Florian just uploaded installable images of an Angstrom based distribution with GPE Phone Edition:

http://linuxtogo.org/~florian/index.php?path=gpepe%2Ffic-gta01/

And here is a screen shot:

http://scap.linuxtogo.org/files/a477b5cf7d0f4b795e6cccfaf550eaf5.png

Cool!
We were even able to make our first phone calls with it ;)
Very nice.

Pleas try it and give feedback!