Snookslayer, it is actually integrated. Anyone can earn the full GM, IM, FM titles, regardless of your gender. If you meet the requirements, you get the title, no questions asked. They don't care whether you are male or female.
However, woman just have the extra option of earning the WGM, WIM, WFM titles, which have lower requirements and are restricted to women only.
So really women have no disadvantage in this system. They are equally eligible as men for the GM title, but for those who can't get the GM title, there's always the WGM title.
Read the post "The Status of Female Players in Chess" before you say another word.