Data-aware components are usful from a RAD and prototyping perspective, especially when you're designing reports or grids that are based on data. i.e. you can tinker at design time.
So I use them like that. But when it comes time to transform it into shipping code, I almost always sever the connections, remove the SQL from the queries, and do everything in code. It's much more predictable and maintainable that way, especially in a multi-developer environment with version control. When the SQL is embedded in the form somewhere, it's a big pain to try to figure out where the SQL actually resides. And it's especially bad to have SQL in two places, and then have to figure out which is in effect.
