There is absolutely no difference in leaving you machine on all the time or turning it on and off as part of regular use. In fact, one could argue that leaving a machine on 24/7 could be worse in the long run is power management settings are not taken into consideration. Ie; hard drives actually spinning 24/7 with out suspending will actually create an issue. IBM did a great report on this and long term affects. Long term meaning days and not years. In their report, they said that drives should be allowed to be spun down for a minumum of 10 minutes every 24 hour period of constant use. That's valid for all makes of drives, as this report was dealing with failures on not only Hitachi, but also Maxtor and Seagate.
That aside, I think the real question about 24/7 use is the power consumption. Different areas of the country have different rates bill per KW hour, so what seems subtle to you may be a much bigger bill to another. Lastly, I find it funny that the younger generation that is mostly environmentaly concerned is also the generation most likely to leave their PC's on 24/7 without putting the wntire machien in a suspended state. I'm not trying to start a flame war here, as I know many run grid type folding apps.
At the end of the say, it's just plain better to turn them off in my opinion. I use a NAS to serve up multimedia files around the house and data, so that uses hardly any power compared to a pc.