After all this time, Tomas M. has returned to the business. The new version of his famous operating system, SLAX 7.0, was released in the middle of December 2012. I downloaded that release soon after, but, unfortunately, it took a significant amount of time before I had a chance to try the OS and to write the review. While I was doing it, SLAX went through several releases, and SLAX 7.0.4 was released not so long ago. It fixed some issues I noticed, but more about that later.
The image size of SLAX 7.0 is notably small. Depending on the language, it weighs between 210 and 220 Mb. Yes, you read it right. The full operating system weighs less than quarter of gigabyte! You can download each language version as an ISO for CD, or as a ZIP file for USB stick. The USB version also includes some other files needed to "burn" the image to the live USB itself.
I downloaded the ZIP file, unpacked it in my Xubuntu installation and clicked on the .sh file.