In the build of Vista that we have, this setting has changed names a bit.
It’s still in
Computer Configuration | Windows Settings | Security Settings | Local Policies | Security Options
but the names of the keys are all under
User Account Control: Run All Administrators In Admin Approval Mode
Set this to “Disable”. You do not need to log out for this to take effect in my testing, but again, this is a later build of Vista than Rick had.
All the “User Account Control” settings in this area mitigate the above complaints and are worth investigating. The real question is, what will the default values be for those settings?