Isn't this also what OpenWRT/ddWRT have accomplished? I wouldn't be surprised at all if there was a huge amount of synergy between those groups and pmOS since there has been so much work done on wifi and core machine management for the various router hardware that's around.
All embedded Linux projects have a certain amount of crossover, though I suspect a large amount of the work carried out by the OpenWRT and ddWRT teams was on MIPS-based hardware rather than ARM.
