Ok so the upgrade path from Fedora 7 was not working out as planned.
So let's try net-boot a newer version of Fedora. I found out that the QS20 seems a limit of how big a net-boot image can be. So far anything over 15mb has not worked for me.
Follow the exact same steps as outlined in the Fedora 7 install guide on this site
You can now follow the standard Fedora upgrade procedure to get to a more updated version.