KDE 3.4 is now in slackware-current.
Just use some automatic slackware update tool. Or download the packages directly from a slackware repository, and run upgradepkg for them. There are tools to help you with that.
KDE 3.4, in my experience, is just as stable than 3.3.2, but it has definitely a number of bugs. That's perfectly normal as it's a new release, and 3.3.2, as its name shows, has benefited from two revisions. Wait for 3.4.1 if you want, it will probably correct these bugs.
to upgrade packages, don't do
removepkg+installpkg,
do
upgradepkg
You'll find a list of new 3.4 features on
www.kde.org. But no one asks you to upgrade, there's no hurry.
of course you can use packages from /contrib/slackware/10.1 with your 2.6 kernel.