Yeah, in a way, it's fun. But not for every deadline, every night of every month of every year.
The real question that should have been asked at the start of this thread is what exactly DOESN'T desk work entail?
The first few years I started on the desk was at a smallish paper and after I got home and finally fallen asleep, I constantly would wake up thinking I had botched the lead headline or made a huge fact error in a big graphic or something.
You have to learn to let things roll off you -- in that way, it's like being a beat writer or columnist -- but it still wears you down and I've seen many, many, many desk folks whose relationships, marriages, family lives have gone in the crapper in large part because of the cumulative stress. You don't even realize it's building up and affecting you until one day, you're like, "Damn, I never used to be like this." And this is where the people you work with and our good friend, Mr. Beer, come in after the shift.
Guess it beats having a boss like Lumberg, though I think some shops would probably benefit from having the two Bobs come in and ask questions. "So, what exactly would you say....you do here?" Gotta be better than the way they're targeting people now.