I have used IP for years, and agree with all of Dan's points. But unless I missed them in the very long essay, there are other notable advantages for me.
First is the inclusion of full time soft proofing, which works much better than Lightroom’s implementation, and which is a real time and paper saver. And the option to choose paper profiles based on different lighting conditions (and including greyscale) likewise makes printing more precise and efficient.
IP also gets me out of the interdependent Apple-Adobe-Epson chain. This avoids many past problems created when one or more of these companies changed some aspect of their operating system or functionality, as when Apple screwed up color management, which couldn’t be turned off, and didn’t notify users. Now I don’t worry about forgetting or messing up any printer setting or control, or dealing with any other unknown background variable. I can contact IP for any issues or concerns, and their technical team is highly responsive, sometimes even hearing directly from John Pannozzo, the owner.
Jeff