ONLY THE ESSENTIAL libraries and tools.
Another idea than ahmad's : actually magiea, as mandriva, have very clean dep trees (better than any redhat i know (from 9, and 4.x, to 5.4), normal [not critic] redhat certainly have others [as the excellent anaconda, with many hack facilitated, and now cobbler wui combined with others tools, and more] tools. So, never mind. Actually i could do, very effectively : urpmi --no-suggests basesystem-minimal, for example. and have finest granularity on install system, with, as you say "ONLY THE ESSENTIAL libraries and tools."
does not make me say that I did not say:p (i love Redhat, and Fedora, and use them everyday) but simply, on this precise point, rpm dep tree on mdv and mga give facilities to control base install.
So, could you please test the other face of this coin ? Try --no-suggests and use skip.list. This is not the same way, but if you need to have granularity on update control, then you need to have granularity of installation control, before. No ?
charcler, user.