I'm Shannon's coworker, and to answer your question...
Overall, Gentoo's selling point is it's package management system. It's similar to Debian's dpkg, but is source-based. Dependencies are automatically handled and it's very easy to keep your system up to date. The best way to think about Gentoo is as an automated LFS (Linux From Scratch).
There are a couple things to keep in mind when considering Gentoo.
First, the process of compiling an entire OS installation can be very enlightening, but it can also be time consuming. Also, the installation procedure is very bare bones. It's more a list of commands to run than a typical installation application.
Last, if you have a slow machine and/or a slow internet connection, Gentoo may not be the best choice. Downloading and compiling applications and libraries can take a long time (KDE is especially notorious in this respect).
Contrary to what Shannon said, I do not run Gentoo on all my machines. When I want to setup a Linux installation and I'm working with a slow machine, I use Debian.
When dealing with servers, if Linux is necessary, I once again use Debian. For routers and simple server systems, I am now leaning towards OpenBSD.
For desktop systems, I use either Windows 2000/XP or Gentoo Linux.
My current home setup includes:
Pentium 4 2.6 GHz Laptop - Gentoo
Athlon XP 2200 Desktop - Windows XP
Pentium 200 MHz Server - OpenBSD
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chuckx