If you want to test a man's character give him power*point
outoftheborders.com
outoftheborders.com
"What is the problem with PowerPoint? And how can we improve our presentations?"
This seems to imply that the opposite assumption you seem to be making -- slides can never effectively transmit information -- is also flawed.
That doesn't mean slideware HAS to be used that way. Steve Jobs tends to do quite well with it. Tufte himself uses PowerPoint for his conferences. I imagine he'd agree with most of what was said in the article. Keep it clean and visual, as a way of cueing the audience with mental images and (extremely sparingly) emphasizing the keyest of key points with text. It should be a springboard for the presentation and not the presentation itself.
Don't throw the baby out with the bath water- these programs were created and has become so popular because they do something people want, and they're the best tools people have, even if they are wielded clumsily.
When presenting a method or a program to students, I try to start from as scratch as reasonable. I recently prepared an experiment for a student of ours, and essentially wrote the program in front of him, running it at intermediate stages so he could see it evolve. He felt comfortable changing the functionality afterwards, so I expect the information transfer worked. I've done the same before with small student groups, creating something minimal, but perfectly understood.
For negotiation situations, I prefer doing them in person or at the very least over the phone, but preferably so that I have all the data in front of me. At that point, I want the other person's attention focused on me, not on the projection screen.
When showing a thing, like a program or a concept, I like to show the thing rather than showing something that shows the thing. I'd explain it and demonstrate it rather than showing slides about it. I might show photos of it being used in situations I can't directly reproduce.
In all of these situations, slideware would not have noticeably improved things. And it's always a timesink, for me at least.