Regarding your installation / configuration log:
I usually see around 6W power consumption; I don't recall if I've ever seen 7W. Perhaps the devices one or both of us is using to read the power are inaccurate.
We like to boot from SD card, for lots of reasons, one of which you've touched upon (space limitation of internal NAND). Admittedly, using the SD card in this way will increase wear, but the NAND drive wears too; an SD card can be replaced, but the NAND drive can't (easily / cheaply).
shutdown -h should do what you want; the lights will change when the plug has powered down to the required state.
Thank you for writing up your experience, and good luck with the project.
I've now got near-real-time stats from the device online
here. Remember, this is running a public-facing web application under Tomcat, with the database in Postgres, all on the SheevaPlug. As you can see it is not struggling at all - either on CPU (user CPU never exceeds 10%!) or on memory - although memory does seem to be creeping up slightly over time, perhaps indicating that I have a memory leak. Obviously, I'm trying to encourage people to play with the beast in order to increase the load on it, and I may move a production web app onto it soon in order to increase the load.
Marcus, I hear what you say about wearing the internal NAND. As far as I'm concerned this is very much a test device, and it is precisely that sort of question that I'm interested in evaluating. But at this moment it looks as if the answer to the question 'can a SheevaPlug replace a production web application server' seems to be a resounding 'yes'. It's possible that in a production deployment one would want to put a single database server - possibly also a SheevaPlug, but probably with a real hard disk - behind a group of SheevaPlug web application servers each running off SD card. But you could mount at least four of these in a single 1U rack chassis, probably with no fans, at below the capital cost and greatly below the running cost of equivalent Intel hardware.
In the data centre, this looks game changing.