- Spindle is a collection of scripts that's used to build the 'official' Raspbian images. It's hardly stripped-down as-is, and far from my favorite rootfs building strategy, but is a starting point: https://github.com/asb/spindle
- Yocto / OpenEmbedded recipes are available for truly stripped-down build possibilities. Here's a random blog post specific to RPi: https://delog.wordpress.com/2014/09/16/embedded-linux-system...
- The resin.io folks are trying to do "docker for embedded devices", with RPi as one of the initial targets. They have a pre-built rootfs that pulls your docker images via their (proprietary) cloud service. https://resin.io/