nLite is a tool for permanent Windows components removal and pre-installation Windows setup. After removal there is an option to make bootable image ready for burning on cd or testing in virtual machines. With nLite you will be able to have Windows installation which on install doesn't include, or even contain on cd, unwanted components.

What's new
http://www.nliteos.com/changelog.html

Download
http://www.nliteos.com/download.html

Guide in creating unattended OS installation CD
http://unattended.msfn.org/

Source
MSFN.org

RC is out
http://www.msfn.org/comments.php?catid=1&id=18425