I had the same problem as raven. My laptop on which I tried to boot the Live CD is a Toshiba Satellite 3000, 512MB Ram, 30G, 1.2Ghz and Nvidia Geforce 2 Go video.
I did try what you, uelsk8s, suggested to raven and I got this message:
could not find kernel image: vector (When I typed "vector cli" at boot prompt)
could not find kernel image: cli (When I typed "cli" at boot prompt)
Does this give you any ideas?