Standard view offers the following additional features:

Group By – provides an expandable/collapsible view based upon the columns you specify. You can select up to two columns which will create groups and subgroups. You can specify whether to present a Collapsed or Expanded view by default. Group By is not an option for Datasheet view.
Inline Editing – provides an edit button on each row which allows user to edit the current row in the current view without navigating to the form.
Tabular View – provides additional Inline Editing capabilities. It allows you to select multiple list items and perform bulk operations.
Styles – determines how the list will look when displayed. The options include features such as shading alternating rows, boxing which displays the properties of the list items in boxes with two boxes side-by-side on each row, a preview which displays the items vertically on the left side of the view and, as you hover over a list item title, displays the column values to the right, and many more.