the only plus going direct is the money savingsI disagree. Going direct, assuming the DAC's attenuation is done well, will give you clarity, purity, and image stability (among other things) that you will almost surely sacrifice some of when you add another component and set of interconnects. That's been my experience. Again, you may prefer the sound with the preamp. It's usually more dynamic, has more "body", and produces a larger soundstage. But it's not all upside IMO.
Smeyers, you are asking the question a thinking man asks, which is why should this be so. Other than impedence matching, which is usually not an issue, no one seems able to give a satisfactory answer. Which makes you wonder... It's a fertile topic for cognitive dissonance, that much is clear.
For the record, I've bounced back and forth for more than 10 years between going direct and using a pre.
Conrad-Johnson is introducing a $6500 "control amplifier", which is an integrated without a traditional preamp section. No doubt some people will use this thing with a separate preamp.