I always liked having it locked at the bottom of the screen.
So....I found this tip on the internet on how to do it:
Enjoy
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1) Start with one instance of IE.
2) Select View | Status Bar.
3) Now press Ctrl while clicking the X in the upper-right-hand corner of the window to close the application.
4) Next, open My Computer and select View | Status Bar.
5) Finally, go to Tools | Folder Options and select the View tab.
6) Click Apply to all folders, confirm the dialog, and then close Windows Explorer.