Matt just one thought. Most software/hardware nowadays is more than up to the job. We are only debating the finer smaller points. The main problems in my opinion are folks inability to use these tools properly.
Give a monkey a beat up old fiddle or a Stradivarius he cannot tell the difference or play a tune.
I have heard great productions from old crappy equipment and very poor productions from state of the art equipment. It all depends on skill and knowledge and being able to use the gear properly.