Hey DH, Fats - Sorry for the mis-communication, once again I ass-u-me'd that someone else works the same as I usually do - Fats' comment, "Never, never, never, leave the phantom power turned on when connecting and disconnecting your condenser mics." - is of course right on.
In my studio, I tend to leave things powered up and plugged into specific channels, since I usually work alone. When I want condensers, I already have them plugged into the first group of channels, and I just move them physically to where I need them. Besides the usual batch of dynamics (57's, 58's, several AT's and some Sennheisers, I have an AT4033, a pair of Oktava's and a pair of Marshall V67's so far, planning on adding a pair of AT3035's and a matched pair of Rodes for overheads in the near future, and once I have a better acoustic space I'm drooling over the new Royer ribbons and several others.
After 30+ years of repairing/aligning various gear, I tend to leave stuff powered up
most of the time, with the possible exception of gear that has moving parts. (Leslie cabinets, capstan motors...) Over the years I've found that this makes for less repairs needed due to turn-on transients, dried out electrolytic caps, etc.
If you're plugging and unplugging things, ANYTHING that requires ANY kind of power (phantom or otherwise) should NEVER be hot-plugged, unless the design spec specifically says it's OK. (an example of this type gear - USB, Firewire, NON-phantom mics into NON-phantom powered connections, ONLY with speakers muted and/or faders pulled down)
Several home and project studio pieces of gear, in order to cut costs, tend to use one phantom power switch for multiple channels - Recorderman's comments about phantom messing with dynamics' response aside (I tend to agree about that) , sometimes it's necessary due to shortage of available channels, to have dynamics on the same bank of channels with condensers. That would be the only time I'd have phantom on a mic that didn't need it.
Again, sorry about the mis-info. I'll try to ask questions about how other people work before answering too quickly again... Steve