There's a certain set of people who believe that a preamp should just switch inputs and control the volume, but do nothing else. This type of thing is called a "passive" preamp. This is a nice concept in theory, very "pure", but in my experience such devices in the real world are not as lively or as realistic as "active" preamps. An active preamp performs voltage (and often current) gain before the signal meets the power amp. The argument for an active preamp is that a preamp can deal with far less powerful signals than a power amp, and so can handle them in a more refined way.
Tuberoller started a pretty good thread on this board about two weeks ago about how combining a vacuum tube preamp with a solid-state power amp is the most cost-effective way to get the refined, sweet "tube" sound. My experience with the SHA-1 would agree with this.
Even if you never intend to upgrade your preamp, "main in" jacks are useful for adding things like home theatre signal processors. "Preamp out" jacks are essential if you ever intend to add a subwoofer. A 50 watt power amp does not have enough power on its own to adequately drive a set of main speakers and a subwoofer from the speaker posts. You would need a powered subwoofer, and it would connect to "preamp out".