well, i guess you will be going for a SiS530 board, thats the only integrated board available for socket 7 chips.
as for video, it normally uses some of system RAM, that makes lesser amount of RAM available to the system, and everybody knows how windows visits the disk when its low on RAM! that does decrease the performance a bit, but if you get some decent amount of memory, at least 64 MB (and you are not doing any serious memory intensive or graphics intensive app - in short, routine business class work - documents, internet etc) then you wont really notice much difference.
besides, as gets the system memory, memory bandwidth also gets shared between the graphics circuits and the processor. that gives each of them lesser time to work and wait for the other for a while. some UMA architectures do optimise this mutually exclusive access to memory so that effective performance hit is reduced to some extent.
in general, you do get a performance hit of aroung 15-20% (dependent on amount of system RAM, share of the display subsystem in that RAM and te nature of work you are doing)
as for sound, you might get about 5-10% hit, and minor but irritating glitches or disturbances when the cpu is too busy (especially when loading large applications) or doing intensive calculations.
in general, integrated systems do lose out on an average 20% of the performance. i have used a SiS530 system and also a ALi system with dedicated display and audio hardware.
so assume you are having a 400 MHz processor instead of a 500 MHz one you actually put in, and still you save almost 50 bucks!
girish
<font color=blue>die-hard fans don't have heat-sinks!</font color=blue>