I dont think there is anyone offering a single bundle for all the LFS packages/patches. Have fun downloading! I agree, it is very tedious. One thing to note is that for some reason freshmeat does not have the correct version of the grep package (As of Aug-21-04). LFS-5.1.1 calls for grep-2.5.1 but freshmeat says that they are currently "verifying its credibility" or something like that. The closest thing they have is grep-2.5 Here is a link to the correct package.
http://www.gtlib.cc.gatech.edu/pub/r...-2.5.1.tar.bz2
As for the live cd, it is a cd that you can boot from without having to install the OS on your harddrive. Just put the CD in your CD-Rom, set your BIOS's 1st boot device to CD-Rom and you've got linux!