BFG is a "pay only for what you eat" web framework
BFG is based on WSGI and is from the same guys who brought you worked on the Repoze project. BFG only provides URL mapping, templating and security; the rest is up to you.
What I like about BFG (after a few minutes of perusal): views as callables (meaning you can define a view class), built-in permissions-based security (although rolling your own is fairly trivial), built-in event listeners (although, again, rolling your own observer pattern is trivial).
What I don’t like about BFG: ZCML configuration (XML, as opposed to Python), no Mako template support yet (although I’m sure I’d be OK with Chameleon).