I finally figured out a fairly simple way create a bootable Ubuntu 7.10 LiveUSB stick. Here are the simple details I came up with to set up and configure a very minimal Ubuntu 7.10 Live USB thumb drive.
Read it here
Just for grins and giggles I mounted the Hardy Herron (8.04) Alpha 4 ISO, copied over the same files, and then booted it up again. The test system (the Gateway M680) came up with visual effects enabled. All in all it was a cleaner method for testing Ubuntu without having to burn one test coaster after another. After all, those alpha and then beta CDs wind up going in the trash and some landfill here in Florida.