it turns out that with python 2.5.2, del l[:]
is slightly slower than l[:] = []
by 1.1 usec.
$ python -mtimeit "l=list(range(1000))" "b=l[:];del b[:]"
10000 loops, best of 3: 29.8 usec per loop
$ python -mtimeit "l=list(range(1000))" "b=l[:];b[:] = []"
10000 loops, best of 3: 28.7 usec per loop
$ python -V
Python 2.5.2