This has just been announced at the PCLinuxOS site. It's a 484Mb download, a nice halfway house between a full distro and the mini-me. It contains a system with some usable software, more suitable for someone switching from Windows than the mini-me, plenty more can be downloaded once installed.
The announcement is here:
A list of installed packages is here:
All the changes from previous editions of PCLinuxOS (the Grub bootup, the new installer etc) are the same as for the .93a mini-me about which I posted here:
http://www.linuxformat.co.uk/index.php? ... pic&t=3955
I suspect that as soon as Texstar has decided his priorities for the other 206Mb available on a CD, we will see the Full version!