Live CD are great, they let you try out a distribution without installing it. They allow you to run your favorite distribution on any computer and on the top of this, they become handy to recover a system.
Ubuntu live CD is already packed up with some pretty nifty software that allow you to do pretty much everything with the Live CD, but still, they might be some software you don't need that are include with it or, some software you need might be missing.
Another Pro for this is that by customizing your image, you will be able to install
This tutorial will show the steps to follow in order to customize an Ubuntu Live CD to your need by removing some component and adding some others.
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