Recently started working with a database in which the convention is to create a view for every table. If you assume that there is a one to one mapping between tables and views,
The only pain I have had with views is a distributed query over a DB link. The local optimizer gets some details about the remote object, but the view doesn't tell it about any indexes so you can get some kooky plans.
I've heard about some places that use it as a standard since they can easily 're-order' the columns in a view. Not a big benefit in my opinion by YMMV