I don't feel that at all.
There are a few people who will swear blind that hardware is the only way to go, for sure. I'm not sure I've heard any software evangelists, certainly not in the sense that they would suggest you can't do anything decent with hardware.
The plain demonstrable truth of the matter is that there are people doing great stuff with hardware and people doing great stuff with software.
The choice is largely an individual one, and different people will be more at home with different configurations.
As a rough rule of thumb (and this is just my opinion) hardware tends to give you better results "out of the box" at the expense of flexibility. Software gives you complete flexibility, but the trade off is that you have to work harder to get great sounds.