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Bodhi Linux incredibly good, lightweight, very minimal Ubuntu derivative.

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http://linuxlandit.blogspot.com – Bodhi Linux is an Ubuntu-based distribution for the desktop featuring the elegant and lightweight Enlightenment window manager. The project, which integrates and pre-configures the very latest builds of Enlightenment directly from the project's development repository, offers modularity, high level of customisation, and choice of themes. The default Bodhi system is light -- the only pre-installed applications are Midori, LXTerminal, PCManFM, Leafpad and Synaptic -- but more software is available via Bodhi Software Center, a web-based software installation tool. Updates (via Distrowatch): (HowTos)