Part of me appreciates that there is no magic javascript which mucks with the browser and makes the slideshow a real pain in the butt to navigate. However, this is going too far in the opposite direction. Each slide as its own page? Navigation is slow, all-but requires the mouse, and creates a N-length list of sites to go "back" through to return here.
Can we just come to a compromise: one page with each slide below the last? Allow us to take advantage of parallel fetching of assets, use native scrolling to progress, and you can even create anchors to link to a particular slide!
Even better, you could easily write some basic javascript and to turn such a page into the former version of a slideshow if you're so inclined.