NOTE: THIS POST HAS BEEN SUPERSEDED BY http://olimex.wordpress.com/2013/10/28/building-debian-sd-card-for-linux-with-kernel-3-4-from-scratch-for-a10s-olinuxino-micro/.

1] Create a VirtualBox VM for Debian 7.1.0 i386. I allocated 1024MB of RAM to it. As for the virtual hard drive space, I allocated 8GB. I also recommend that you disable audio support for the VM.
2] Download the Net Install ISO image for Debian 7.1.0 i386. Boot the mentioned ISO in the VirtualBox VM you've created. I used the "Install" option in the installer boot menu.
3] This set of instructions will work with everything deselected under "Software selection." You may select software to your taste during installation.
4] After the installation, the guest OS will automatically get an IP Address via DHCP.
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