It really depends on the type of riding you do. If you're playing boy racer on the weekends in the twisties, it makes sense to drop the pressures a bit. At the track it's a completely different story. But for general riding, where you don't get your tires very hot, the recommended pressures are good - they're recommended for a reason. And I'm not talking about the pressures stamped on the side of the tire, but the recommended pressures in the bike manual or on the tire manufacturer's website. So my ST4 I have at 36/42, and my DRZ at 26/32.
The thing to keep in mind is that people use bikes in all kinds of different ways - track days, twisties, commuting, touring, etc. And for each of those purposes, the "proper" thing to do is different (as with tire pressures). So the person who only rides twisties says, "you need to do X", and the person who only commutes says, "you're crazy, you need to do Y". Both of them are actually right, but each person assumes that everyone uses a motorcycle just the way he does, so both of them assume that the other guy is wrong - and that's how you get 10+ page discussions on BARF (and leave newbies scratching their heads)...