I certainly agree with your take on rolling vs. stable releases. In fact I'd love it if Fedora released a longterm supported version (similar to Ubuntu's LTS), so that I know I won't have to reinstall my system at some point in the near(-ish) future, but even that is non-existent. And it's not even the fact that I have to reinstall, b/c even that isn't entirely true with the pre-upgrade feature (though, I guess that's been taken out for something built from the ground up?). Idk, I guess it's just that Arch fits what I want to do with my system more closely than Fedora. And I don't mean to bash Fedora at all, and in fact I don't mean to insinuate that rolling is "better" than stable release cycles. Everyone has their preference and everyone should use what fits them best, be that Windows, *nix or OSX...I don't think their can be a "best" OS. It's just too subjective. I personally like the rolling release cycle better and would likely use Fedora if there was a spin with that feature.
Interesting, I'd love to see where that ends up (re: stripping more out of the minimal spin).