A lot of what I have learned about VB I learned from using Static Code Analysis (Particularly Aivosto\'s Project Analyzer). And one one of things it checks for is whether or not
The problem, as I understand it, has to do with the fact that VB6 (and its predecessors) has its roots in COM, and its reference-counting garbage collection system.
Imagine, for instance, that you declare a refernece to an object from a 3rd party library. That object has a COM reference count that is used both to keep it alive and to determine when it should be destroyed. It isn't destroyed when you set it to Nothing, but when the object's reference count reaches zero.
Now, not all COM components were written in Visual Basic. Some were written in C or C++. Structured exception handling didn't exist across all languages. So if an error occurred, the reference count on the object was not guaranteed to be properly reduced, and COM objects were known to hang around longer than they were intended to. This wasn't a problem with Visual Basic, per se. It was a COM problem. (And that, you might note, is why .NET doesn't use reference counting.)
That's why Visual Basic developers became obsessive about releasing object references prior to exiting routines. You simply don't know what a component you're allocating is creating under the hood. But when you release your reference to it, you're at least releasing your reference count to it. It became almost a religious mantra. Declare, use, release. It was the COM way of doing things.
Sure, Visual Basic might be better or faster at dereferencing variables I declared on the stack. But dammit, I want it to be OBVIOUS that those objects were released. A little assurance goes a long way when you're trying to track down a memory leak.