On various women's mailing lists, a subscriber has raised the idea of a distribution developed "for and by women." So far, the idea has met with a cool reception. It might even be a troll. However, if such a distro ever gets underway, it would be very much in the spirit of the community, and might give more women the background and confidence to reduce the gender gap in free software.
The demand for a women's distro might be slight. Truthfully, it sounds more like a project from the feminist days of the early 1990s than something that would be started in pragmatic 2007. Probably, too, the main purpose wouldn't be the selection of packages, as is the case with Edubuntu -- although possibly mencal or some other menstruation calendar might be on the desktop's default panel.