Last night I successfully did a cold (other than having an AppleBootstrap Part already) install of rawhide onto my iMac DV SE. Here are the gotchas:
For all those keen to go I am pushing my tree courtesy of skvidal to duke:
http://fedora.linux.duke.edu/fedorappc/
Update
Note off the cd you can tell yaboot to boot off the kernel - during install note the following partition numbers - / partition and /boot partition if seperate. Also note the kernel version (check from you mirror)
Boot from CD:
For non-boot cases (where 4 is / partition)
tell yaboot to boot hd:4,/boot/vmlinuz-2.6.5-1.327 root=/dev/hda4
For seperate boot (where 4 is /boot and 6 is /):
tell yaboot to boot hd:4,/vmlinuz-2.6.5-1.327 root=/dev/hda6
Oh and the snapshot is up of the tree that worked.
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If you're a C programmer with some spare time, take a look at the mod_virgule project page and help us with one of the tasks on the ToDo list!