Okay, seeing as there is some talk about the Static Pages functionality of the upcoming WP release, here's something that I would really, really, really like it to be able to do:
Locate the static pages outside of the blog directory.
Say, you have your WP blog index.php located in the http://domain.com/blog/ directory, it would be very practical if WP nonetheless could place static pages in the root directory (http://domain.com/) or in other directories, such as http://domain.com/about/. In my case these wouldn't even have to be true static pages, a mod_rewrite in the site root's htaccess would work too.
Since the static pages don't yet work in the latest nightly, I haven't been able to check if they can do the above, so if they already can, consider me one happy camper. If there are other solutions or work-arounds to this problem, please enlighten me :)