(Paraphrasing) "There's no such thing as macro-evolution, it's all micro-evolution."
No, there's a technical difference between micro-evolution, which refers to evolutionary processes operating within a species, and macro-evolution, which refers to patterns that emerge as species and lineages branch through time, including the rate and pace of evolutionary change, adaptive radiation, morphological trends in lineages, extinction or branching of a lineage, concepts such as species sorting, and the emergence of major new morphological features (such as segmentation, or shells, or the fusion or loss of bones) [to quote Nick Matzke again].
While "microevolution + time = macroevolution" is generally true, it is a very broad and imprecise statement. Not all "microevolution + time" leads to macroevolution (i.e. morphological change), as the very long lineages of some species and the existence of living fossils shows. Nor even is all macroevolution a product of "microevolution + time", since there are several known instances of new species emerging from hybridisation of existing ones (many of the examples of observed macroevolution listed on the talk.origins site are of this type). These are cases where the 'evolution' took place above the species level, and it was not a result of the accumulation of small changes over time. Hybridisation is even thought to have played a part in our own evolution.
A second problem with claiming all macroevolution is just microevolution plus time is evidence. We frequently infer "macroevo" from fossil lineages (which we have lots of, hence we win), and can do so with enough accuracy to predict where an when specific intermediates occurred, hence identify the best places to look for them. However we can't show what microevo was responsible for these changes, DNA doesn't fossilise and while parsimonious genetic trees can help confirm common descent in living species they are no help for extinct ones.
So while it is generally okay to say that "microevolution + time = macroevolution", the two terms are not (IMO) exactly synonymous.
It's all evolution, but it's not necessarily all microevolution.
Nice reference:
"Hybridization, ecological races and the nature of species: empirical evidence for the ease of speciation"
- James Mallet, Philosophical Transactions of the Royal Society, September 2008, 363:2971-2986 (available online).