For some values, the “easy way” is yes, but in most cases not.
If the required OS is Windows, you will find a lot of information if you check BartPE . You will have problems with licensing if you do not understand that you cannot distribute Windows, even on livecd, without MS licenses for each copy.
Linux livecds are a little harder to create, but there are many people making the process easier, http://www.linux-live.org/ is a great resource to start with.
-Adam
Adam davis
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