Dear 'Obuntuers' !
I'm very glad seeing that there is an interest from people for Obuntu. We must first, give all the credit to seaniko7 for his excellent job! This thread exists only because of his pains.
Everything i did, i did it in a virtual machine program called VirtualBox (it is free), where I have installed Ubuntu (Ubuntu helps Obuntu!). Actually I own a mac.
For the sd card issue, it is true that has problems with writing-deleting all the time, but is not a big deal (remember that the very popular Raspberry Pi works with sd cards 'loaded' with Linux!). I'm working with Obuntu for 3 months, I have made plenty of experiments (I have installed, just Obuntu, nearly 15 times!), and had no problem at all. Obuntu is really fast! I have installed: xournal, evince, synaptic, djview4, Diogenes, evopedia, filezilla(ssh/sftp with my mac for wireless copying from/to M92!), etc
The Obuntu project needs 3 things to be really handy:
1. Rotation to be fixed
2. Battery to be fixed
3. Display updaters to be fixed.
Currently I'm working almost entirely in Obuntu, so for me, yes it is a (great) solution. I'm using my M92 for academic reading, and with Obuntu has become from a (very good indeed) e-reader to a complete study tool‼!
Again, a very big 'thank you' to seaniko7. I hope he succeeds to everything he's doing.