Actually, a machine that you do development on shouldn't be lightweight. It should be heavy. full of compilers, interpreters, profilers, debuggers, IDEs, editors, benchmarks, checked-out code from repos, development versions of system libraries, test suites, generated large test files, backup tools, virtual machines, chroots, music to set-up comfort environment, mail, office suite to do the paperwork.
I mean, install Putty and connect to your machine (a), or do all development on virtual machine (b), that is kept on external hard drive (that's what I did, when I needed this), so you can use it everywhere where VirtualBox can run.
As for linuxes, I personally would like to use Gentoo Linux, as it can be customized to be lightweight. But unless you're really experienced with all linux administration stuff, customization may take a lot of time. So as a (c) variant, I'd advise to use any distribution (like your Mandriva), because normally base system takes about 10% of "weight" that you need for development on top of that.
And, by the way, boot speed is irrelevant on VirtualBox, since you can save virtual machine state entirely on hard drive and restore it within seconds.