Since almost all of the processors out there now have some sort of processing on board a separate unit would provide some redundancy to what is already there and since I at least rarely swap out my processor the need is minimal. Once I get my room setup, the need to compensate is minimal. At $1000 it is way more expensive than the on board equipment which is pretty robust in some cases by itself. Emotiva offers the Dirac Live system on the XMC-1 as a $100 upgrade so I am skeptical of the value of an separate unit.
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Music system
Model 990/7500/Magnepan 1.6 QRs/Technics SL1200 MK2/Aperion S-12 Subwoofer/OWA3/Sony NS75H DVD
APC H15 Power Conditioner

TV System
Large Advent Loudspeakers/ Polk center/Monoprice surrounds/Panasonic Viera 42 inch/Onkyo HT-RC260/Sony BDP S590/Directv


Home Theater System
Onkyo PR-SC886/Outlaw 7125 Klipsch RF-82 L/R,RC-62 center, RB-35 SR/SL, BENQ HT1075, Outlaw LFM1-EX/OPPO BDP-83/Directv
Harmony ONE
Blue Jeans and Monoprice interconnects
APC H15 Power Conditioner