Getting serious, I don't record bands here, I record MIDI instrument outputs plus the occasional overdubbed live instrument or vox - and in fact I'm using more and more soft instruments, especially GigaStudio and EXS24. When I record live instruments, my signal path is mics/instruments -> Millennia Media channel strips -> Waves L2 (for A/D) -> DAW. Then I mix inside Pro Tools, and the DA7 is only being used for monitoring Pro Tools and MIDI instruments. (And routing, etc.)
That's why I was thinking it would be elegant just to plug everything into a MOTU system running in the background on my Mac. It would be a much larger mixer than the DA7 - up to 96 x 96, with the same "near zero" latency and a healthy range of analog and digital input options.The reality turned out to be cumbersome, as I posted, but it's certainly not a completely ludicrous idea - especially since I have a HUI, which has a good control room monitoring section built in.
I know one busy TV composer who uses exactly that setup (minus the HUI), and it works very well for him. But he doesn't swap equipment around and use lots of different software - he just runs a digital audio sequencer and uses it for everything from composing to mixing.
Now, if I were tracking bands, no way in hell would I have even considered going mixerless. It's all down to the application.