Some people just run K&N breather filters in each valve cover, no PCV.
I think the stock system is not perfect but it is very effective at evacuating the vapors.
There have also been stories about rings sealing better with vacuum behind the rings. No real hard data.
There is also an electric air pump that can be used to supply the vacuum without running gases back into the intake.
Run a search for PCV and I think its been covered.
www.syty.org has a very nice archive as well.