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Found this nice 2 Page Review at linuxcompatible.org

Fedora Core 2 is the latest release of Red Hat's community supported Linux distribution. This release is available on 4 CDs (+ 4 CDs sources) or 1 DVD, and for x86-compatible (32-bit) and AMD64 (64-bit) platforms.
What's new?
Fedora Core 2 comes with the latest packages except of MySQL, which is still version 3.23.58 because of license issues with PHP.

Here some of the included packages:

Linux Kernel 2.6.5
X.org X11 6.7.0 (replace X-Free)
GNOME 2.6.0
KDE 3.2.2
XFce 4.0.5 (new)
Mozilla 1.6
Ximian Evolution 1.4.6
OpenOffice 1.1.1
GIMP 2.0
k3b 0.11.9 (new)
koffice 1.3
Apache 2.0.49
Samba 3.0.3

Fedora Core 2 includes also an implementation of SELinux (Security-Enhanced Linux), but this is disabled by default. For more information on SELinux visit the Fedora Core 2 SELinux FAQ

Hardware requirements

The official hardware requirements have been not changed since the last release:

CPU Requirements
- Minimum: Pentium-class
- Recommended for text-mode: 200 MHz Pentium-class or better
- Recommended for graphical: 400 MHz Pentium II or better

Hard Disk Space Requirements
- Custom Installation (Minimal): 620MB
- Server: 1.1GB
- Personal Desktop: 2.3GB
- Workstation: 3.0GB
- Custom Installation (Everything): 6.9GB

Memory Requirements
- Minimum for text-mode: 64MB
- Minimum for graphical: 192MB
- Recommended for graphical: 256MB

However, Fedora Core performs also pretty well on machines with 128MB or less, even this is not suggested.
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Full Review and Screenshots here