If you actual reason was because you wanted to learn how to build a Linux embedded system, maybe yes. But even then, you would be better off getting a real embedded board with a MIPS or ARM cpu like something from ncoretech, beta comptronics or a local vendor.
We are selling mips board loaded with linux for Rs. 7900/- The memory availlable to user is 2 mb flash and 3 mb ram. These areccompressed size and you can fit 1.5 mb of files in 1 mb flash. Warm Regards,
Mukund Deshmukh, Director, Beta Computronics Pvt Ltd, 10/1 IT Park, Parsodi, Near VRCE Exchange, Nagpur -440022 Cell 9422113746