This is also questionable and true only under certain conditions.
Transformer:
- CMR at low to middle frequencies is very good
- CMR at high frequencies is not good
- CMR at RF is poor
- distortion at low frequencies is poor
- frequency response slightly above audio band is prone to peaking and R-C is to be used to flatten it
- usable CMV at low frequencies is higher than with active circuit
- top DAC and PRE specs are always degraded by the transformer
While transformers have some issues what is better performing overall than a transformer? A "THAT" chip works well but it is not perfect either and is fairly expensive and not used on the vast majority of consumer balanced equipment.
For the points you laid out above (CMR, distortion, etc.) how does the "average" balanced solution used in consumer products compare to a good transformer or a THAT chip?