I've used the exact same method you did for a featured content block. A pat on my own back for figuring that out as a novice Drupal user.
The issue I have is how to prevent the node in the featured content block from displaying in my other view.
My real world situation: I'm building a news site. Some news articles are headlines and others aren't. So one headline (checkbox in the node type as you described above) is in my featured content block. Now I don't want the same node to display in the (chronological) view below.
Since some articles are headlines (featured content) and others aren't, I can't simply exclude the last node from the view. This is easy but a news article about a street party isn't as important as a shooting. Now when the article about the shooting (featured content) is older than the other (non-featured) article, I have no idea how to exclude the featured article from my chronological view. Any ideas?
