Sure there is. Its called Windows PE:

http://www.microsoft.com/licensing/programs/sa/benefits/winpe.mspx

Moving from that, you can build your own with BartPE:

http://www.nu2.nu/pebuilder/

>
> I have no intention of switching the slave servers to anything else -
> unless it's Linux ;)
> There *IS* a need for a simple cut down windows based OS that does not
> have all the *DROS* of XP/2003 just for simple server applications. The
> fact that there is not is what is driving me to get the Linux version
> working :)
>