pawsplay
Hero
I definitely would NOT advocate a MERP approach. I see no reason why a 100% compatible version of the game can't be squeezed into a smaller size. Go look at the Two Worlds RPG (available as a free download) for an idea how much game you fit into a small book. To clarify, it's okay for the Basic game to use simpler resolution systems (more general skill DC charts etc), but I would not like it if it if the game were presented in a substantially altered form.
I say, take the game, break it down to levels 1-3, with some 3rd level spells for NPCs, excise the less vital stuff, writeup up a small bestiary with random encounters, and add art, wit, and good writing. Presto! Think about how many pages you can cut out just by removing all high level spells, any other spells you feel like removing, advanced feats, all prestige classes, all artifacts, most magic items, etc. Divide it up into two softback books, sandwich it in with a couple of Map Packs, some PC and NPC tokens, some combat tracking sheets, and a DM screen.
I say, take the game, break it down to levels 1-3, with some 3rd level spells for NPCs, excise the less vital stuff, writeup up a small bestiary with random encounters, and add art, wit, and good writing. Presto! Think about how many pages you can cut out just by removing all high level spells, any other spells you feel like removing, advanced feats, all prestige classes, all artifacts, most magic items, etc. Divide it up into two softback books, sandwich it in with a couple of Map Packs, some PC and NPC tokens, some combat tracking sheets, and a DM screen.