One of the woodworking magazines recently did a review of chargers and charging sytems for cordless tools. Some were smart chargers and would not overcharge or damage a battery left in it for a long time. In fact they said that a battery starts losing charge immediately upon removal from the charger due to internal leakage, so it was best to keep the spare on the charger right up until it gets used.
They also talked about the "memory" phnomenon and apparently it does not exist with the batteries made in the last 8-10 years. NiCads older than that did show some tendancy for a memory, but that was no longer the case.
Not all the chargers they reviewed were smart, it turns out the DeWalt charger I have was. Still I don't like leaving things plugged in all the time due to the local tendancy for thunderstorms and lightning to produce surges in our power, so my charger is unplugged most of the time and the spare batter is stored in the case. It hasn't been a problem so far with the level of use my cordless drills see.