With the prices of flash having come down to $5 for a 2GB card, Hackable:1 is fully run from SD Flash.

Instead of using an image we are using a tarball: download the tarball, untar it and pop the SD card into the phone. Five minutes later you are done. No longer bootstraping or flashing, no problems with failing servers. No longer waiting 15 minutes for the flashing to be finished. Welcome to the new world ;-)