When I got my Windows 7 machine, first thing I did was stick an Admin account on there with a long password, and gave myself a standard user account with a slightly simpler password.
So whenever I want to do something that requires UAC elevation, like clicking the start button or making some toast, I have to type my Admin password into the UAC prompt. Which is a bit of a pain in the arse.
A couple of days back, I had some buggy software that needed Admin rights, but if I ran it as an Admin it defaulted to the Admin user share and therefore wouldn't patch my specific database, so I put myself as an Admin temporarily. Forgetting to put it back, I've only just realised how much more seamless everything is. Instead of stopping every 10 minutes to type in the password, I just click continue. The prompts still appear, they just don't require the password.
So what security benefit does the standard/admin mix setup actually provide?