One downside to Kaitsu's solution is that Eclipse will run your tests twice, and the SlowTests 3 times, when running all the tests in a project. This is because the Eclipse will run all the tests, then the AllTests suite, then the SlowTestSuite.
Here is a solution that involves creating subclasses of the Kaitsu solution test runners to skip the suites unless a certain system property is set.  A shameful hack, but all I have come up with so far.
@RunWith(DevFilterClasspathSuite.class)
public class AllTests {}
.
@RunWith(DevFilterCategories.class)
@ExcludeCategory(SlowTest.class)
@SuiteClasses(AllTests.class)
public class FastTestSuite
{
}
.
public class DevFilterCategories extends Suite
{
    private static final Logger logger = Logger
        .getLogger(DevFilterCategories.class.getName());
    public DevFilterCategories(Class<?> suiteClass, RunnerBuilder builder) throws InitializationError {
        super(suiteClass, builder);
        try {
            filter(new CategoryFilter(getIncludedCategory(suiteClass),
                    getExcludedCategory(suiteClass)));
            filter(new DevFilter());
        } catch (NoTestsRemainException e) {
            logger.info("skipped all tests");
        }
        assertNoCategorizedDescendentsOfUncategorizeableParents(getDescription());
    }
    private Class<?> getIncludedCategory(Class<?> klass) {
        IncludeCategory annotation= klass.getAnnotation(IncludeCategory.class);
        return annotation == null ? null : annotation.value();
    }
    private Class<?> getExcludedCategory(Class<?> klass) {
        ExcludeCategory annotation= klass.getAnnotation(ExcludeCategory.class);
        return annotation == null ? null : annotation.value();
    }
    private void assertNoCategorizedDescendentsOfUncategorizeableParents(Description description) throws InitializationError {
        if (!canHaveCategorizedChildren(description))
            assertNoDescendantsHaveCategoryAnnotations(description);
        for (Description each : description.getChildren())
            assertNoCategorizedDescendentsOfUncategorizeableParents(each);
    }
    private void assertNoDescendantsHaveCategoryAnnotations(Description description) throws InitializationError {           
        for (Description each : description.getChildren()) {
            if (each.getAnnotation(Category.class) != null)
                throw new InitializationError("Category annotations on Parameterized classes are not supported on individual methods.");
            assertNoDescendantsHaveCategoryAnnotations(each);
        }
    }
    // If children have names like [0], our current magical category code can't determine their
    // parentage.
    private static boolean canHaveCategorizedChildren(Description description) {
        for (Description each : description.getChildren())
            if (each.getTestClass() == null)
                return false;
        return true;
    }
}
.
public class DevFilterClasspathSuite extends ClasspathSuite
{
    private static final Logger logger = Logger
        .getLogger(DevFilterClasspathSuite.class.getName());
    public DevFilterClasspathSuite(Class<?> suiteClass, RunnerBuilder builder) 
        throws InitializationError {
        super(suiteClass, builder);
        try
        {
            filter(new DevFilter());
        } catch (NoTestsRemainException e)
        {
            logger.info("skipped all tests");
        }
    }
}
.
public class DevFilter extends Filter
{
    private static final String RUN_DEV_UNIT_TESTS = "run.dev.unit.tests";
    @Override
    public boolean shouldRun(Description description)
    {
        return Boolean.getBoolean(RUN_DEV_UNIT_TESTS);
    }
    @Override
    public String describe()
    {
        return "filter if "+RUN_DEV_UNIT_TESTS+" system property not present";
    }
}
So, in your FastTestSuite launcher, just add -Drun.dev.unit.tests=true to the VM arguments. (Note that this solution references a fast test suite instead of a slow one.)