SharePoint TODAY column in calculated fields and auto updating it

There has been much discussion around using a [TODAY]  column in SharePoint Lists since SharePoint Lists and Libraries have been around. Other than being able to use [Today] to set a DEFAULT value, users have always asked if they could use it in a calculated field. There are workarounds well documented in various threads that detail creating a field called "Today", then creating a calculated field ([CalculatedToday]) that references the "Today" field, and finally removing the "Today" field in order to be able to use "[Today]" in a calculated field. The question that follows is always, "how do I get the [CalculatedToday] to update every day or on a scheduled basis?" Again, there are numerous articles documented on the internet that suggest adding and removing a [Today] field and SharePoint will update all the [CalculatedToday] fields with the current Date. Administrators have created scripts and even timer jobs to do this automatically. This method [...]