This was a good week for the quest to a fully functional Ångström image on the HTC Magician.
OpenEmbedded now has X11R7.2, gsmd works out of the box and with some patches it is even possible to run openmoko-dialer on top of that:

I uploaded the
test image. The openmoko-dialer patches are not really ready yet. The button to hang up a call is still off-screen...