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I work both personally and professioanlly at various different sample rates and bit depths so here's my take.
If you're recording anything, then always capture at the highest possible SR and BT. Doesn't matter if your project isn't as high, at least you'll always have the source in pristine quality.
Now for mixing, I know one of the mix engineers for score, only works in 96k, and will walk out of the entire signal chain is not coherant. He hears the difference, but in fairness he's probably one of the best engineers alive, and his credits are simply staggering.
I know others, in the same league as him that don't give a shit, and just work at 48 or 88k depending on the project format defaults.
However all of the work in 32b floating point, and I once saw probably the most respected score mixer, loose it and freak out over the fact our digital desk, drops down to just 32 bit (not float) when you make it run a outrageous number of tracks and busses.
So basically, to some SR makes all the difference in the world and to others, they're happy with common lower standards.
Personally, my feeling is this: if you can work (i.e. your machine can handle it) in 96k and 32BTFP then you should, and only render down for the master print (note - I did not use "bounce"). If you have good enough equipment, such as great monitors, room treatment and a very nice dac, you will be able to hear more, and therefore both produce, mix and engineer to a greater degree of detail, meaning that even if the finished product is going to be lower quality, you'll still have a better result due to the process.
If you're knocking out disposable EDM, in your bedroom, all just existing samples or midi, with entry level speakers and a consumer DAC, then just work at 44.1 as you'll not ever hear the difference.
P.S. I've got a pair of Technics MK5G's as well 
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