I've always hated daily meetings. I know it's a part of the SCRUM development process but it seems to me to be a good way to not get anything done (unless the meetings are kept short and to the point). I do on the other hand believe firmly in the Agile practice of having developers located physically close to each other. Consider how long it takes to get a response via email as opposed to just asking the guy sitting right next to you.

daily meetings should be conducted ONLY under one condition...the process is so dynamic and changes impact so many people, that a stand-up meeting is the most practical way to communicate (assuming that the process cannot be changed in the first place). Daily status meetings are a sign of a lack of trust by management or lack of empowerment; neither of which is a healthy sign.