I was wondering if leaving your computer on all day and night is a bad thing. I have no clue what's so ever if it ruins the display on your iMac or what. Also if you leave your computer on all day, does it effect your iMacs performance?
My normal practice is to put it to sleep, but there have been times I've left it on for days (and in some cases weeks). Doesn't seem to affect performance any but I did reboot it after a week or so just to clear out the RAM.
As for the display just set up a screensaver or turn it off to ensure no image "burns" into it.
I've had my Mac Pro running 24/7 on maximum load with breaks only for system updates for months now. If you're wondering how I'm maxing out my Mac Pro, SETI@home is what I've got goin' on (feel free to check me out on the MacRumor's SETI@home page if you want to do some quick math to figure out how long it's been on).
However, my ACD is set to turn off so my backlight doesn't slowly die on me and images don't burn in.
If those are serious questions:
\Doesn't seem to affect performance any but I did reboot it after a week or so just to clear out the RAM.