Hey, question: wouldn't it be easier to just create a new "live-something" Linux distribution containing, say, the Qt 1.1.2 SDK, and an up-to-date version of Linux, rather than using a five-year-old Live CD? I don't know exactly what tools exist on the original dev CD, so maybe it has something unique; but the Qt SDK works fine for me for building Fremantle apps...

EDIT: Some info on creating a custom Ubuntu Live CD:

https://help.ubuntu.com/community/LiveCDCustomization

I would guess that other distributions are also easily customizable, though I haven't tried it before myself.