Earlier quoted context omitted.
And that I think is the biggest problem of Debian. They aim stability but how can you possibly claim that your custom backports are stable when e.g. the original developers have stopped supporting it? They may be able to pull it off with the kernel, but they can't possibly do it for all their packages. As an example: How are the Django backports to 1.2 more stable than upgrading to 1.3 when the official Django projec…
Who says the original developers stopped supporting it? Head on over to http://www.kernel.org and you'll see that 3.2 has longterm support (ie the kernel developers backport relevant fixes and patches). There are more details at https://www.kernel.org/releases.html including end of life dates. Given the time span between Debian releases, 3.2 is an excellent choice, if not the only one.
Since the release of Django 1.4, version 1.2 stopped receiving security fixes by the Django development team. What that means is that a Debian maintainer (which probably is not a Django developer) would have to hack any new security fix into the unsupported 1.2. And this is deemed more stable than say, upgrading to 1.3.
Note that Django is just an example, obviously there are many more packages with the exact same problem.