The monkeys typing Shakespeare turns out to be a poor analogy. Chimps (not monkeys) like particular keys, so can't randomly type. Secondly they wouldn't know when they type a fragment of Shakespeare.
The "monkeys" and "Shakespeare" and "know"ing are not to my point. I was just using it as a colorful shorthand for the mathematical size of the problem which could be off by orders of magnitude but expresses the point that it could be almost certainly possible but "very, very unlikely." Similarly, I agree with Mirannan that the "equation" is a thinking tool to provide a ballpark of the scope of the problem and the things that need to be thought about and investigated. It's a kind of "a pinch of this and a dash of that" recipe.
Liquid water exists in quite a big range of temperatures really, from 1 to 99 degrees c, as we know.
It depends on how you look at it and I think Dave's basically right on a cosmic scale. I've thought about this before, being struck by the unlikeliness of it all and finally looked up some stuff on wikipedia, space.com, and universetoday.com to sort of put it into words (or numbers - and pre-emptive apologies for the inevitable mistakes and typos and whatnot):
Take the concepts of absolute cold and absolute heat in Kelvin and put a nice day in the middle and throw in some other signposts on either side:
Absolute cold 0
Cosmic Microwave Background Radiation 3
Pluto low 33
Earth low (Antarctica) 184
Temperate day 288-305 (50-90 F)
Earth high (Death Valley) 330
Venus avg 735
Sun's surface 5,778/Sun's core 16,000,000
Absolute heat 1.4*10^32
So, on a scale of 0-140000000000000000000000000000000, we are comfortable in a range of 17 of those units, liquid water exists in a range of 100 of them, and this planet has a (surface air) range of 146 of them. Even if you restrict the scale to 15999997 or even 702, this is not a large zone (for liquid water, 14% of the small range, .000006% of the "normal" one, or something like .000000000000000000000000000001% of the whole enchilada).
Also, the more I read about exoplanets (which should theoretically make me more confident about finding life) the more I also realize how the Drake equation and other such things barely scratch the surface. We have a sample bias in our exoplanet finds but we are finding numerous hot jupiters and all kinds of other things that show our solar system (at this point) to be atypical. And the more we learn about our own system, the more we learn how precarious it is. There is thought that, without Jupiter, we'd be hit with even more killer asteroids than we have been. So we may need an earthlike planet in a goldilocks zone (or not, as you point out) and we may need a jupiter-class planet in an entirely different kind of goldilocks zone (or not) as an asteroid sweeper. For a long time, people didn't know about dinosaurs. Then they didn't know what killed them. Then we decided we probably did but didn't know how common it was. Now we may have an idea that it would be quite common if not for Jupiter. Everything we learn adds factors to the equation and most things increase the difficulty rather than make it more likely. And the Jupiter example just covers wiping out life that has arisen. As I say, probably very hard to start life and definitely very easy to wipe it out, despite the amazing adaptability Vertigo points out.
I mean, if you think about the range of temperatures in the cosmos and then think about the size of the cosmos and how much of it is essentially empty and about the matter and how much of it is devoted to suns and about the fragmentary dust left over from the star formation being mostly "junk" and this one planet being about the right kind of junk with about the right kind of bizarrely large moon and think about the atmosphere over it (breathe on a ball bearing and the mist that condenses on it is proportional to our atmosphere) and on and on... well, I'm just not so surprised if we don't seem to be overrun with little green men. If producing large numbers of technological civilizations is the point of the universe, it could be seen as a poorly constructed and wasteful mechanism.
Anyway, it's not so much whether these things are right or wrong - as long as we stay in this solar system, almost entirely on this planet, and with relatively few (or relatively "no") resources devoted to it, we're basically guessing - theorizing from limited and unrepresentative samples - but they do provide food for thought. They are constructive. And neat.