Side by side with my Debian-Sid install i use a distro called
refracta
for a while now.
For me it works very well.
It's based on Debian-Lenny, comes with e17 and applications which are low on resources.
It comes with an installer you may use from the live-CD menu and a tool called remixer (which will create a installable copy of your installation. Very cool).
Its creator (developer is the term?) is a user from forums.debian.net.
Not sure why he doesn't post to it here, so i do ( i looooove e17 and i love low-resources applications, minimal setups, etc).
All is as far i know (i only use it, but don't think much about the "in and out". Don't ask me for more: try it or try it not, i can't tell more than i already did).
greetings and have fun