My first Linux distro that I ever tried out was Slackware. I
still like Slackware. I've not yet tried out Slackware 9.0
final, but I actually have run Slackware 9.0 current, prior to
final release. It is stable, even the "current" tree worked
rather well, so I have no complaints.
The one thing that I really like about Debian GNU/Linux
packaging is that I can get great software available very
quickly, and I can usually get quite new stuff, too. It takes
me little time to build it, so I save a bit of time
administering my system, yet I sacrifice nothing in
flexibility. I can still build packages from tar.gz or tar.bz2
packages if I really want to do so, and I can also use alien
to get a package in RPM format, if I ever get that
desperate for a package (rarely happens).
Slackware is a great distro for people who want to do
things themselves. For such people, it is still one of the
best, if not the best choice. But Debian is also great for
people to tinker, to manage their own systems, and to get
really good, stable software (or play with bleeding edge
stuff). No more dependency resolution problems; Debian
finds and resolves library and application dependencies.
I'd nominate either Slackware or Debian for the real
hobbyist, but for me, I've landed with Debian, and I now
use it more often than anything else.