How to make a standard profile w/ Default User

I am trying to determine how to make a default user profile in Vista like we
could do in XP.

After reading several posts, I have found where we can copy the profiles
over but most mention another step in the registery and one person stated
this was not a good idea.

Can someone spell out how to completely set up a default user profile after
we have it setup as the administrator account?

Any help would be appreciated.

Thanks.