I talked to a former colleague today. It appears that the place where we worked has progressed in a way that I expected.
Something I didn't expect, though, is that his band records everything with real mics and real instruments — no amp modelers — and plays together when they record their tracks. They do not record the drums, then record the bass, then the guitar, etc.
I was actually going to hit him up on advice for a direct input workflow. (You can record the unamplified sound of an electric guitar, then later amplify it with software amp models. It's sort of like making the amp sound the CSS to the HTML of your playing.) He brought up that you won't play the way you would if were actually playing through that amp and hearing it as you play, which is food for thought.
Anyway, the way his band does it is extremely hard, but probably worth it if you have a lot of band chemistry. (Blood Incantation does it that way.) I, however, am way too lazy to do the work of miking an amp, even if I had a place in which I could turn up an amp.