You know, I was going to make some comment about "who has money for a new motor"? But then I looked at it, and a new Minn Kota Endura Max (with a factory PWM) is ~$250 or so depending on thrust and shaft length. If someone was thinking of making the nicer PWM with the Traxxis board instead of the $20 ones from Amazon, you'd end up being close to $200 I suspect with all the bits and parts. At that point I might just prefer to have the new Endura Max. Although on that note, there are a LOT of negative reviews about that motor on the Minn Kota website.
That said...
There are a number of reasons why someone might want to have the separate PWM box setup. A kayak is a perfect example. Look at the setup
@Chadk is running. As far as I know, there isn't a transom mount motor with a factory made PWM that will do what he's doing. Even with my
super-basic tiller-extension steering setup on my kayak, it would be really handy to have the throttle and fwd/reverse right at hand so I didn't have to deal with remembering how many clicks I twisted in which direction.