Ok, got it to work again...
not sure what caused the problem - I even re-installed iAKTOS, and reformatted the OCX partition several times. at one point I noticed the OSX partition is OVERLAPPED with some another (backup) partition on the disk...

Anyway, I have OSX running, with display driver at 1280x600 (thanks for the instructions!)

My problem is now networking: it recognizes my wireless chipset (Ralink RT2860), but keep thinking it is "disconnected". statistics shows that the only traffic is received packets (1 per second) but all are CRC errors.
the Wired network (Realtek 8102) is not recognized at all.

Minor problems:

1. sleep mode: it goes into sleep, but doesn't wake up... I have to reboot to exit the sleep mode.
2. Trackpad: click on it doesn't trigger mouse. the System Preferences says I don't have a mouse, so it doesn't show the mouse tab, only keyboard and bluetooth...