Images are not part of the installation a) because that would just be insanely large, and b) because Wikipedia doesn't provide dumps of them. http://dumps.wikimedia.org/enwiki/20100312/ is where they are from.

LaTeX math presentation will be present as it is in the current desktop version. I am currently working to replace the PHP based parser with the Python-based mwlib. Then I just have to recode the bzip2 file extractor in Perl with some Python. After that, it's just replacing the Django webservice with a simple HTTP server, and then it shouldn't require anything special - apart from a few compiled bits.