and my personal opinion is:
* use use multiple squashfs images by default
* name them 'base.squashfs' plus anything on top of that based on the
package list name
* use '/live/filesystems.list' as the list of filesystems to be loaded
by live-boot.
--
Address: Daniel Baumann, Donnerbuehlweg 3, CH-3012 Bern
Email: daniel.baumann@progress-technologies.net
Internet: http://people.progress-technologies.net/~daniel.baumann/