That I don't know; although it's just Linux, you can certainly install anything you want (gotta love "yum"!). In any case, since you want to use it as your development environment, then any version will do.
Any 'nix clone can do the job, I had a good time playing on a Solaris clone -
OpenIndiana - a couple of years ago. Zones are really neat. If I were to set up my own server again, that's what I would install. It has the option of install a Gnome desktop. There are some subtle differences from Linux, though. For example, at that time the DADA mailing system didn't work on it; I don't know if DADA ever fixed the issue. But MODx, PHP and MySQL on both Apache and nginx worked just fine.
Starting out with a basic LAMP stack would probably be the easiest; setting up lighty or nginx is perhaps best put aside for another time after you're comfortable working with the whole system.