Keep the professional and the personal seperate.
"If you want to appear professional and courteous, make yourself available to your online correspondents. Even if your reply is, "Sorry, I'm too busy to help you now," at least your correspondent won't be waiting in vain for your reply."
- Writing Effective E-Mail: Top 10 Tips
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"...the e-mail administrator has the
ability to read any and all e-mail messages (and may fire you if you
write anything inappropriate)."
-Writing Effective E-mail: Top Ten Tips
Just because you have a username and password combination doesn't mean that your e-mail is safe. There are people out there in the world that have the power to hack into any personal e-mail or website and expose personal and private information. My boyfriend has a work e-mail specifically for professional reasons and a seperate e-mail for personal items. His job has the authority to check his work e-mail at any given time to make sure he is not doing anything illegal or harmful to the company. I would advise anyone who has a work e-mail to keep that for the professional world and another for their personal life.

Availability is key, I agree. I can relate to your situation of waiting on important information from people who might only check their e-mail a few times a day. However, this weekend I'm a prime candidate of that frustrating party! This is the first time I've had internet this holiday and I'm more focused on work than e-mail! I suppose it all revolves around your priorities.
You offer some good advice! I for one was surprised to learn that administrators could view your corporate e-mail account. So I will probably be taking a similar path in the future, with one e-mail strictly for work and the other for more general/personal e-mails.
I've got two email addresses as well. My Seton Hill account for the "important stuff" and then my yahoo account for the "fun stuff." So even though some people have both addresses, they know which one is for what and send me emails accordingly.