I remember reading an article about a doctor who used a very slow moving treadmill desk - I think it only moved 1.5 mph. The idea was that it was slow enough that you just kept moving your body slowly. It was worth a significant amount of calories at the end of the day, but because it was so slow it did not take away from productivity. Also, the constant slow circulation kept the blood from pooling up which could be a problem with a standing desk.
I used a standing desk for two years, for what it is worth it was during a period where I gained weight -- so I wouldn't call it an effective tool for weight management. Yet, I think there were some other benefits. After a while I got myself a tall stool and would split the day up between standing and sitting. That was kind of nice because it allowed me to work while I was able to move around and straiten my spine.