I LOVE my modular PSU, but it does have one feature which tickles me... a removeable ATX cable.
What use is the PSU without an ATX cable? Who in the world needs to detach their ATX cable? Hats off to Antec for grasping that one with their Neopower, but shame on some of the others for forgetting that key fact.
And I won't listen to the smart folk among you who suggest its use in a dual PSU setup - I used to have a dual PSU setup myself, and can't ever see a company having thought about that when they designed it.