Quote from TGregg:
No it's not.
First consider you do not need to purchase an OS, nor keyboard, nor mouse, nor monitor, nor printer, nor speakers, nor floppy drive, nor NIC, etc. if you are replacing just the computer.
But even if you are (for some weird reason) replacing all that stuff as well, you can still build a better system with top quality parts for less. By picking your exact price points on the performance curves, you can get more bang for the buck by designing and building your own system.
The big boys can stuff whatever crap they want into the box. Most folks will never know, until it dies 5 weeks after the warranty runs out. And how many are technical enough to say "Wow, this system has a huge RAM bottleneck because of this nasty cheap slow memory - WTF 12-12-12-20?!" Not many. Build your system with matching, top notch parts - it's a useful end.
For an easy example, take my keyboard. It's a Logitech G15. It sports a couple USB ports, an LCD screen, a volume control and (my favorite) lighted keys. This keyboard is not available (AFAIK) as part of a system purchase.
However, if one does not enjoy figuring out all this tech, shopping around and comparing endless prices/performance curves, then assembling the darn thing and troubleshooting any problems, then one is probably better off buying a system. When I build a new system, I always spend an amazing amount of time learning all the new tech that had come out in the last year or two.
But I consider that fun. If it were boring drudgery, I'd just call up Dell.