I had no problem booting from my 10.2 CDs (when i get my Wallstreet, Mac OS 9.2 was not working properly) but i have some issues with Mac OS X (contrast is not working at startup and the screen is dark) don't know if this is due to X or the PRAM battery being toast.
Also, the CD drive is not the same as the Lombard or Pismo's one, and pretty finicky (tried to install Panther at some point using Xpostfacto...but the CD drive was never able to install 10.3 properly)