Has any empeg owner tried to compile any software inside empeg yet?
Is 8MB memory enough for GCC to run? Including all necessary libraries, etc.

I'm planning to develop/debug software under Win32 and then just compile the same source code inside empeg, using compiler directives to separate platform dependent code (such as display/keyboard/remote controller handling).

Does anyone have any experience on this?

I can confirm that it is possible to run gcc on the empeg itself, but you will probably need to add some swap space as the available memory is very low.