To be honest, it depends on the adviser. Mine has an open door policy where I can meet him everyday, but most of the time he passes my office (two doors down from his) and asks how things are going. Basically, we do things on daily deadlines. I find this very effective! You stay on top of your research and gets fast feedback whenever you need it. Keep in mind my adviser is superstar in our dept. He is a very active man (perhaps that's why this method work well for him). So, in a way, you do most of the research on your own, he gives it a quick look, then asks you why it makes sense or what's wrong with it.. Of course, one can argue and say a student may abuse this method and become dependent on the adviser. I beg to differ since doing so would make such a student a very bad research! However, in my case, it keeps me up to date, very focused and have my answers and justifications ready for his questions! He also makes me and his other PhD students work in groups for joint project and still utilizes the above method, successfully!
Other Profs. in my dept do the usual one/week meeting appointment to discuss the outcome of a week's finding. From my interaction with their students, I found that some of them starts working on their projects on Wed, to get something done by Friday! While some other work the whole week but either with minimum output or doing something completely wrong and been wasting their time. Then, you have those who are really good and very dependent!
To answer your question, it is a very case dependent!! My advise is, do your best, make mistakes but always try to optimize your work, and never do the mistake twice. You are a PhD students => Prof. in the making!! Act like it :)