I just installed the BETA on my machine with an ATI All In Wonder PRO graphics board. Alas, penguin.patch leads to a behaviour that I personally consider a bug, and it has two facettes: Firstly, it causes the kernel to ignore my VGA settings and always switches the console into a 30 line mode (I wanted it to be 80 by 25, and had actually put vga=ask into lilo.conf just for that purpose). Secondly, and that is the part that causes more problems for me, it configures the ATI card in a way that XFree86 does not run corrently in 1024 by 786 anymore. There seem to be synchronization problems, because there are vertical running patterns at about every 60 pixels all over the screen -- up to 5 pixels wide. This makes X absolutely unusable. During installation, though, X worked flawlessly, and the kernel you boot during the install process does /not/ contain penguin.patch. Maybe further investigation is necessary before you really integrate that logo onto the distribution?
I assigned a wrong subsystem. *sigh*
This is fixed in the kernels in rawhide; the framebuffer is *not* enabled by default.