Puppy Linux 5.5 Precise edition is a small distribution built from and compatible with Ubuntu 12.04.2 binary packages. Precise Puppy 5.5 is built from 12.04.2 DEBs, but of course it is extremely important to understand with Puppy Linux that our use of the binary packages of another distro is only a convenience for us, to obtain binary compatibility, hence compatibility with that distros package repositories -- in all other respects, from the lowest levels of the infrastructure upward, Puppy is unique. There have been many bug fixes and improvements at the Woof level since Precise 5.4.3 was released, plus many package fixes and upgrades. Enough to warrant the number jump to 5.5.
About Puppy Linux
Puppy Linux is yet another Linux distribution. Whats different here is that Puppy is extraordinarily small, yet quite full-featured. Puppy boots into a ramdisk and, unlike live CD distributions that have to keep pulling stuff off the CD, it loads into RAM. This means that all applications start in the blink of an eye and respond to user input instantly. Puppy Linux has the ability to boot off a flash card or any USB memory device, CDROM, Zip disk or LS/120/240 Superdisk, floppy disks, internal hard drive. It can even use a multisession formatted CD-RW/DVD-RW to save everything back to the CD/DVD with no hard drive required at all.