We have talked about relating custom status' to standard status' that mean something in our systsem
e.g. unqualified, qualified-in, qualified-out, won, lost (and similar for problems ... and for contacts perhaps we don't need anything so complex just active/left/deleted)
But, in all cases it would be great to have a clear option for "duplicate" which then automatically creates a relationship to the other record. I have seen several in-house problems closed-duplicate where the relationship has been setup (so helpful) and many where it isn't (really unhelpful!)