Mr. Millikin, if you will take a few moments to review some of the documentation on fossil, I think your objections are addressed there. Storing a repository in an sQLite database is arguably safer than any other approach. See link text for some of the advantages of using a transactional database to store a repository. As for bloat: The entire thing is in a single self-contained executable which seems to disprove that concern.
Full disclosure: I am the author of fossil.
Note that I wrote fossil because no other DVCS met my needs. On the other hand, my needs are not your needs and so only you can judge whether or not fossil is right for you. But I do encourage you to at least have a look at the documentation and try to understand the problem that fossil is trying to solve before you dismiss it.
