Although other DAWs offer preset combinations of plug-ins, FX chains have the unique attribute of letting you create macros via knobs and buttons, and bringing them to a unified front panel. No other DAW does this. I've created both extremely complex and extremely simple FX chains, for example, a rotating speaker emulator FX chain with controls for rotor speed, preamp drive, room ambience, etc. And of course the parameters are all automatable.
You can use the FX chains in the ProChannel, which is great. So any third party VST can be a ProChannel module. The ProChannel's unified interface, which concentrates everything in a single hideable channel strip, is ideal for mixing when you don't want to have a lot of open FX windows.
As to the bundled plug-ins, if you've spent thousands of dollars on Waves, Kontakt, etc. then you already have what you
need. Still, nothing does quite what Rapture does with its orgy of step-sequencing options (and it's ideal for MIDI guitar if you're into that). There are some hidden gems, like the Sonitus Modulation and Wah effects, Blue Tubes Oil Can echo, Sonitus multiband that's suitable as a crossover for multiband processing, several of the Dimension Pro expansion packs (apart from Kontakt's Scarbee basses I didn't like any basses and had no 5-string samples, so I made an EB 5-string expansion and now it's the only bass I use for pop), etc. A couple of the ProChannel EQ curves are unique, and while nothing beats a Waves maximizer, the Concrete Limiter has a certain
je ne sais quoi on drums that no other plug-ins has.
I have all the Waves plug-ins, Komplete, all the Arturia synths, almost everything from Universal Audio, Reason to rewire their cool instruments into SONAR, etc. But I use a the bundled plug-ins
at least 50% of the time because a) I don't use that many plug-ins anyway other than EQ and dynamics, 2) I can customize exactly what I want with effects chains, 3) I can do cool things with the SFZ-based instruments because of the flexibility of SFZ scripting. With all the plug-ins I have, there are certain favorites that stand out and the rest, I don't use...that goes for all manufacturers. But there are a lot of gems in Cakewalk's package.