You can list a lot of things about IHS, but I notice that there is a lot of non-information:
1) Lack of standards. There are standards, there are two basic ones. For example, the standard we use has more than ten companies which make headsets for them
2) Cost. IHS are not cheaper than non-IHS, that is, the headset is a bit cheaper (fewer parts) but the machining of the tube is more expensive. With the same quality bearings, IHS is a bit more expensive overall, but it's not a big difference.
3) Stack height: there are definitely plenty companies with some warped ideas on this, but if used properly the IHS can pose an advantage here. Of course this only applies to the smaller sizes, on the bigger sizes one will compensate for the lower stack height with a longer headtube (as well one should).
4) Increase stiffness: with the advent of lighter frames, it becomes harder and harder to engineer enough stiffness into the frame. But there is a trick, the further the toptube and downtube are apart, the stiffer the frame is in torsion. So if the IHS is used to lengthen the headtube AND this extra length is used to spread out the toptube and downtube further, the frame will become stiffer. That's what we do on the Cervelos, and it improves it a couple percent (without any drawback). If you keep the tubes in the same spot and use the longer headtube for headtube extensions on top and bottom, then this advantage does not occur.
5) The risk of improperly made headtube reams which would render the frame useless is possible, but if the frame is that poorly made, the welds are likely poor as well and will probably give in before the headtube ream does. And if not, the botched headtube may save you from cracking the frame. What I'm trying to say is, people put their life in the hands of manufacturers by trusting their welds without giving it a second thought, and all of a sudden they get really scared over a headset ream? I would be a lot more worried about the welds.
6) "roached headset cups": I haven't seen a single one, or to be more exact, I have seen two in all theseyears at Cervelo, and both were NON-integrated headtubes. Not a single problem with the IHS yet. I am sure that will happen once or twice too eventually, but it really doesn't seem to be an issue if the headtube is made properly.
Bottomline, in some cases IHS have advantages, in others they don't. The key in a lot of cases is in the execution (see points 3, 4 and 5), but that applies to every detail on a frame. BTW, I currently ride a Renaissance with Chris King headset (but I am going to transfer the parts to a Soloist with IHS next week, just a coincidence).
Gerard Vroomen
3T.bike OPEN cycle