Tommy Carlier's answer got me thinking....
A good way to visualise the differences is seperately running the two snippets (I just used LinqPAD) simliar to below while also running sysinternals Process Monitor.
while(true)
File.GetLastAccessTime([file path here]);
and
FileInfo bob = new FileInfo(path);
while(true){
string accessed = bob.LastAccessTime.ToString();
}
If you look at Process Monitor while running the first snippet you will see repeated and constant access attempts to the file for the LinqPAD process. The second snippet will do an initial access of the file, for which you will see activity in process monitor, and then very little afterwards.
However if you go and modify the file (I just opened the text file I was monitoring using FileInfo and added a character and saved) you will see a series of access attempts by the LinqPAD process to the file in process monitor.
This illustrates the non-cached and cached behaviour of the two different approachs respectively.
Will the non-cached approach wear a hole in the hard drive?!
EDIT
I went away feeling all clever over my testing and then used the caching behaviour of FileInfo in my windows service (basically to sit in a loop and say 'Has-file-changed-has-file-changed...' before doing processing)
While this approach worked on my dev box, it did not work in the production environment, ie the process just kept running regardless if the file had changed or not. I ended up changing my approach to checking and just used GetLastAccessTime as part of it. Don't know why it would behave differently on production server....but I am not too concerned at this point.