My name is Kino, I have been working with Linux since Slackware 3.0 and always had a thing for tiny systems and small distros.
Anyway, I put together something based on Raspbian - it is a little short of calling it its own distro, but it is more than a "theme" package - I call it LycanthroPi
It is a minimal desktop OS, designed to do about 99% of what most people do with a computer... it is an Openbox desktop and is heavily influenced by Crunch Bang. I have a "build script" that pulls all the packages from Raspbian and makes some configuration changes - I have been running it for a while, everything seems to work well and it is pretty responsive.
I am looking for a few folks that would be willing to run it on their RPi and give me some constructive feedback - you have to be willing to do a fresh install of the current Raspbian Lite and run the script to build the full system, it takes about a half hour total on my crappy DSL line (and the / partition in on a separate HDD, faster).
If you are interested and want to provide some input and ideas, please let me know...
Desktop Scrotshot - https://goo.gl/photos/SzjynRJy7iTr5FsV7
ETA: Yes, WiFi and Bluetooth both work... with the onboard hardware and with a few different USB dongles that I have tested.