Interesting discussion. I have been using a mix of Safale #05 and White Labs #023 since August (6 months). I have brewed a few IPA's, stouts, red rye, blonde, a barley wine (the yeast pooped out on this one at 14% ABV-I added champagne yeast and am hoping for the best), and the yeast seem to be doing fine. I take large sanitized jars (1-2C) of slurry, from the primary only, and let them rest in the back of the fridge (burp them occasionally). If they sit longer than 1 month, I change out the water. I have been getting ~80% attenuation, good beer clarity, and a nice sediment crop at the bottom of the bottle that I can leave behind on a pour with relative success.
To use the yeast, I pour off the liquid, add fresh water, shake vigourously, allow to come to room temp and throw into the fermenter.
I like the taste of the yeast mix, but someday when I don't, or I get a bad batch, then I can start over with my "house culture." I figure that humans have been doing this in a relatively primitive fashion for millennia, and I am just interested to see where the generations of yeast will go with my beer.
Purely for the advancement of human knowledge, mind, the drinking of the experiments is just a necessary evil in the life of an amateur scientist.