@Dammy
I see what you mean.
Personally, in an either-or situation, I'd prefer an AGP slot over on-board graphics. That's just my personal preference, but since the PegII is supposed to be a "geek" mobo I guess it's also a general preference on its intended market. Pick and mix. It's got most things people need/expect onboard already, so 3 PCI slots on a micro-ATX mobo sounds OK to me.