Yes, if it is on board you are using your processor to do all the work
where as most audio and video now a days have their own processors. It
does still depend on the equipment though
False.
There is negligable to no impact on CPU for onboard video
in typical (non-gaming/3D) 2D uses. There may be a very
minor impact from audio but not much at all unless certian
3D spatialization effects are used (again it's usually
gaming).
The primary issues are audio analog output quality, fewer
features from the video (not everyone needs video capture
and other more advanced things from their video though, but
sometimes things like DVI output or 2nd output are missing),
and the video is a minor consumer of memory bandwidth and
usurps a small % of system memory to dedicate for the video.
Essentially the buyer needs a list of requirements for the
system then to compare the particular motherboard with the
integrated features to see if it meets them.