If so, what is the storage and memory footprint?
EDIT
I had done some research about this, but failed to find useful information. The site http://www.erlang-embedded.com/ doesn't help at all. The blog article http://www.1011ltd.com/web/blog/post/embedded_erlang was a little helpful, but It would be nice to hear answers from people with more experience.
EDIT 2
The hardware that I intend to use for Erlang has 32Mb of FLASH storage for the system and 512Mb of RAM. It is dual core with 400Mhz per core. It runs Linux version 2.6.18.
EDIT 3
The motivation behind my interest in Erlang would be to solve gracefully concurrency problems. On the project that I work we have some complex middleware software that is not robust, it's hard to understand and hard to extend. Of course, you can write great concurrent software in C, but Erlang just seems like a better tool for this problem domain.