I have weatherbug in the notification bar updating every hour, and twidroid updating every 5min. As far as widgets I use retro clock instead of the standard android clock, battery widget, and overclockwidget (to underclock).
Been using battery widget for ages, pretty much ever since cupcake hit and it was available. Never noticed it draining battery. I have used a couple of widgets in the past that did but they were like whoa noticeable battery hogs and were promptly uninstalled.
edit: oh I also use Google Voice and that app is always running in the background too.
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