nLite is a tool for permanent Windows components removal and pre-installation Windows configuration. After removal there is an option to make bootable image ready for burning on cd or testing in virtual machines.
With nLite you will be able to have Windows installation which on install does not include, or even contain on cd, the unwanted components.

Features
Service Pack Integration
Component Removal
Unattended Setup
Driver Integration *
Hotfixes Integration **
Tweaks
Services Configuration
Patches ***
Bootable ISO creation

v1.4 Final ChangeLogs:
upd: Read-only attributes removed
upd: Returned Netdde and Visual Tweaks
upd: nvraid integration will not auto-insert sata_ide from now on
upd: KB933729, KB939653 non-English support
fix: SFC/WFP popup on device installation (e.g. USB stick inserted)
fix: Luna theme settings were not applied if no themes integrated
fix: Certain combination of removals causing textmode error in 2k3