Do I understand correctly that the Phantom pcb supports bot ISO and ANSI and 101 and 104 modifier layout?
If so, and if the designers of Phantom don't mind, we can take the layout and re-route the board to 60%. I think we can also embed the atmega32 because there's much less space to fit the teensy.
Teensy isn't really much more than an atmega and a couple of passives, and we could add, say, a 1Mbit flash to store all our super-duper keyboard layouts;)
One disadvantage of this is, however, not everybody will cope with smd soldering, so there would have to be someone to presolder the components...