XFCE still feels faster than GNOME or KDE on old hardware, probably because it doesn't use any semi-transparent 3D gimmicks. It is also shaping up to be a very good option for those who prefer the old GNOME look. The panel and most other UI elements are even more configurable than I remember GNOME 2 to have been. I'll be sticking with Xubuntu 12.04 for quite some time.