The first release from (Debian Common Core Alliance) organization will be the Debian Common Core. Based on Sarge and certified to LSB 3.0, it will be the basis for future releases of each member's Linux distribution. It is expected to arrive in September.
Eweek.com has the story:
It will not, however, be a distribution in and of itself.
Instead, the Common Core will be a “base” Debian system composed of essential programs or “packages” from Debian Linux, combined with member additions to attain LSB certification and achieve broad commercial acceptance and support.
DCCA members will draw from a single software repository with a common set of enhancements, fixes and security updates.