Yes, integrated set ups can sound just as good as separates. I have separates (monoblocs), and I bi-amp, mostly because I like the flexibility and the endless tweaking that separates allow for. What's more, the monoblocs, pre-amp, and cd-player are tubed, which allows for even more variation among components. I enjoy messing with stuff, and separates allow for that. I have an integrated that simplifies the whole thing, and it sounds great, but it leaves me with nothing to do. Boring, at least for me.
