I do use a switching buck regulator with my kit, but the issue with that is my microcontroller runs on 5V, and to supply 5V it needs a little over 6V, and a 7.4v LiPo would burn out your typical servo, so running the microcontroller from the regulator and the servos directly from the battery isn't possible, unless of course, you get high voltage servos. Those will run at 7.4v; but they're a bit more expensive.
Of course standard servos could run off a 4.8v battery, but then you'd have to run the microcontroller directly from the battery as well. With proper decoupling capacitors in place that might be okay, though I haven't tested it.
And running off 6V isn't an option because the switching regulator requires a little over 6V and besides, for these high current applications rechargables are the better way to go so you're not replacing batteries constantly.
Anyway the big disappointment for me is that I specifically designed my boards to have the same pinout as servo connectors use so the servos could just plug straight into the board. And that works just fine, so long as you don't have sound. It's nice that there's a workaround for the issue, but if I ever do a version 2.0 I'm gonna have to look at ways to better isolate the audio system. Or switch to 3.3v operation. But having 5V output on the ports is awfully convenient, and I'd still need 5V for the audio if I want to get 2W out of the amplifier.
I've got one pretty complex prop I'm working on right now that is powered by a single cell LiPo and I'm using 5V step up converters to power the servos. This way the micro is powered by the LiPo directly and I have built in charging over USB.
I'm not sure what your setup is like, and I'm sure it works fine, but I looked at step-up converters when I was desgining my boards... and not just what is readily available from hobby stores... I used Texas Instrument's power design tools to search for regulator designs I could implement myself on my board... and what I found was that step-up regulators don't seem to be able to supply much power. If you're using one per servo then I could see you getting away with it, but I don't think I found one design that could supply more than 800mA or so, and one regulaor per servo is an expensive way of going about things.