Can a convection/microwave really replace a traditional oven?

Let me preface this with the fact that I am an oven fanatic. Almost everything I like to cook uses either the oven or the broiler. My husband and I are thinking of moving and I've been surprised that so many renovated kitchens (really nice kitchens) have eschewed a traditional range for a cooktop (which makes sense) and an over the "range" convection microwave. Is it possible that one of these gadgets can actually replace a traditional oven? Or were the owners more interested in saving space than doing oven-specific tasks (like roasting a pork shoulder for three hours or broiling fish)? What say you serious eaters? Should that be a deal breaker for us?

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