I cut my teeth on Python's "forgiveness not permission" model and find that exceptions are usually the cleanest model since so few languages have pleasant syntax for alternate return-types, and returning a status code and using out parameters for the actual result is miserable.
Checked exceptions were a nice idea in theory that definitely didn't work well at all in practice. IMO exceptions should be reserved for "panic" situations, as a friendlier alternative to crashing. (But I also feel they should be used liberally in such situations...)