I'll state my background before throwing my hat into the ring...
I opted for the integrated route with a large uk training orgainsation and ended up at the same company as
WWW...it cost a fair bit of cash - not as much as nowadays though, to be fair. I've done a bit of time on rubbish, and then rather unreliable money - some good, bad and indifferent months. I now have a permanent contract and am about to pop off to what will hopefully be even greener pastures, though the present ones are pretty healthy to be honest.
It's all very well taking the moral high ground of the modular route, but it would be fascinating to see a proper survery of where people - based on date of committing to training - have found themselves.