And wow! (See title), I am running cutting edge Linux, with the latest packages, a vast repository with plenty packages and KDE, Gnome or XFCE4 to choose as a DM.
Ubuntu is now somewhere deeply hidden in my subconscious mind (in the trash).
Frugalware-0.6 (Terminus) came out on March 22, 2007 and is the current stable version of Frugalware (not as bleeding but more stable of course).
So if you like speed and cutting edge, (or one of those) try Frugalware.