correct. i would say there's at least a dozen, maybe even 20+ resorts in europe which have bigger, badder, lift-accessed terrain (and more of it) than anywhere in north america, squaw, jackson, alta, whistler etc included. the only aspect where north america is superior is park, but the parks over here are getting pretty close now. once you factor in mountain town life, partying, culture etc, there is no question that the best resort in the world is in europe.
for the all-around package I'd argue Val d'Isere/Tignes takes it but I wouldn't have too much problem accepting arguments for Chamonix, Verbier or the St. Anton/Arlberg area.