Rusty - I started with extract, moved to partial-mash and now I do all-grain, but I have yet to even place in a comp with one of my all-grain brews. My one gold came from a partial-mash (mostly extract) brew further reinforcing that it's not necessarily HOW you make your beer, rather it's how WELL you make your beer, and it's the brewer that makes it happen, not just the ingredients.
I am reminded of a couple of very big names around here; Jamil Zainasheff and John Palmer - say; didn't they write the book "Brewing Classic Styles"? Every recipe in that book is... you guessed it; EXTRACT!