Yeah, it's a bit embarassing asking about something I should know.

I'm brushing up on some of the old commands to refresh my memory on some basic configuration for an upcoming hands-on ... interview thing. NAT was never my strong point, so I'm running a few labs with it, but I can't seem to get it to work.
Simple lab in gns3. R1 and R2 connected via serial link. R3 and R4 are pretending to be PC's on the other side of R2. The NAT will be done on R2, with R1 pretending to be the internet.
R1 has loopbacks for 10.0.0.1/24 and 10.0.1.1/24.
R1-R2 is 172.16.0.0/30
R2's lan is 192.168.0.0/24
Here's the pertinent running-config from R2:
interface FastEthernet0/0
ip address 192.168.0.1 255.255.255.0
ip nat inside
duplex auto
speed auto
!
interface Serial0/0
ip address 172.16.0.2 255.255.255.0
ip nat outside
clock rate 2000000
ip nat inside source list 1 interface Serial0/0 overload
!
access-list 1 permit 192.168.0.0 0.0.255.255 log
This is all correct, as far as I can tell, but after pinging 10.0.0.1 from one of my "PCs", no NAT is being performed:
R3#ping 10.0.0.1
Type escape sequence to abort.
Sending 5, 100-byte ICMP Echos to 10.0.0.1, timeout is 2 seconds:
!!!!!
Success rate is 100 percent (5/5), round-trip min/avg/max = 8/27/44 ms
R2#sh ip nat translations
R2#
Debugging on R1 confirms both the ping success, and the lack of NAT being performed.
R1#
*Mar 1 00:24:36.455: ICMP: echo reply sent, src 10.0.0.1, dst 192.168.0.3
*Mar 1 00:24:36.499: ICMP: echo reply sent, src 10.0.0.1, dst 192.168.0.3
*Mar 1 00:24:36.543: ICMP: echo reply sent, src 10.0.0.1, dst 192.168.0.3
*Mar 1 00:24:36.575: ICMP: echo reply sent, src 10.0.0.1, dst 192.168.0.3
*Mar 1 00:24:36.583: ICMP: echo reply sent, src 10.0.0.1, dst 192.168.0.3
R1#
I figured while I investigate further, I'd throw this out here to see if extra eyes might see/figure out what I'm not seeing/figuring out.