AC97 Audio is pretty good by itself. The Live! and Audigy cards have an edge because of various hardware acceleration techniques. I thought I read once that most on-board audio chips can use between 5-15% CPU utilization, while the Live! card uses about 2-3%. Of course, that was a few years ago. I still prefer a dedicated sound card, especially since the Audigy's digital to analog converter is pretty amazing, and the Creative cards have a software controlled equalizer. The built-in audio on my VIA266a motherboard is weak and tinny, my nForce2 board is too muddy.
I guess mobo manufacturers assume that if you care THAT much about audio quality, you'll just buy a dedicated card, anyway.
Too bad Win2000 wrecks it all. Even with the latest Creative drivers I can't get rid of cracking and popping with either my VIAKT266a or nForce2 machines. However, some games are better than others. NASCAR Racing 4 really tortures the Augigy card and sounds pretty awful, while Unreal Tournament works like a charm.
It would be very nice indeed to hear an Audigy card on an Amiga.