I still could. If you are using it as a home deck, you wouldn't need EQ because the output would have to go into a reciever or at least a seperate DAC. Neither my CD player, DVD player, MD player, DirecTV nor VCR have their own EQ. All of that is done on my Dolby Digital/DTS receiver. And that receiver has plenty of inputs, I wouldn't need to use my Aux. Of course, this is just me, but I feel it would be pretty typical.

Now, if this was for a car aplication (feeding an amp with a digital input) then lacking an EQ would hurt.