I use Vim 7.4 --with-features=huge.

My vimrc as a paragraph:

Show commands on the right corner, no backup, show line numbers, show ruler, make search "make sense", indent like a real man and enable syntax.

One thing that really helps me is to set "jj" to go to the normal mode (inoremap jj <Esc>). I've disabled the arrow keys, as I use them for different purposes now.

I use the plugins Tabular and Fugitive, and I use Pathogen to manage them. I use a very simple colorscheme which allows me to differentiate from white to nonwhite. :P

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Remember: Vim is a text editor, not an IDE.