I am glad to announce the availability of Fedora 10 ARM.

Fedora-ARM is an opensource project which provides support for ARM as a secondary architecture in Fedora.

This implies you could run all the packages within Fedora-ARM on your ARM processor. Fedora-ARM 8, which was announced earlier, has support for almost 9000 packages within Fedora. While Fedora-ARM 10, which was recently announced, has support for more than 2000 packages and growing.

The packages have been built for ARMv5 EABI, soft-float, little endian (armv5tel).

The best way to get started is to download the pre-built RFS image and load it up on your QEMU instance or your ARM processor.

The Fedora-ARM wiki has further more information.
http://fedoraproject.org/wiki/Architectures/ARM