CentOS 5's and Fedora 15's base installations are pretty good prepared to use X11 over SSH. You just need to install one more package on the server you're connecting to: xorg-x11-xauth. According to yum info, the purpose of this package is:
xauth is used to edit and display the authorization information used in connecting to an X server.
This editting probably means synchronising X11 authority cookies between SSH peers.
Installing is done using:
yum install xorg-x11-xauth
Then ssh into the box using:
ssh -X [servername]