I'm not sure what I'm doing wrong but I'm not able to boot into MATE PowerPC Remix 0.4.
I have a boot partition on my USB drive with the X5000 boot files, I made a new partition, used rsync to copy your image to the partition I made, and entered the setenv and fatload commands into the Uboot command prompt, it starts loading but then gives the message:
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Kernel Panic - not syncing: No working init found Try passing init= option to kernel.
I was able to boot into your 0.3 image fine, but I set that up using dd.