Agreed. I actually find this to be literally the only thing I miss from Windows from an audio perspective.
However from a musician's perspective it was a curse, because Windows' built-in audio drivers introduced way too much latency, meaning I usually had to use third-party drivers, which circumvented the Windows Mixer anyway.
In comparison the MacOS 'core audio' drivers have negligible latency from the outset, and add to that MacOS' insane* built in functionality to combine multiple audio devices into aggregate / multichannel virtual devices, which saved my bacon one day when I had cause to record 16 channels of audio at once and only had a bag of budget 5.1 USB sound cards and a USB hub...let's just say my transition from Windows to Mac was a one way trip for me.
*(C) MaxTech