So I just set up stereo subs in my office (snagged a couple of Bic F12s for $250 total, could be worse) ... they're symmetrically placed in the corners along the front wall.
After EQing everything and getting the bass nice and flat at MLP, I put on a test tone and ping-ponged it left to right... I think I lose the ability to tell which way it's coming from around 80hz, and definitely can't under 60hz. I feel like the direction is quite apparent around 100hz and above.
Not blind, not scientific, take it as you will, just a quick casual test, I knew which way it was supposed to be coming from most of the time so I could have imagined the whole thing, etc. etc.
I don't think it really does anything for the stereo image of music, so far haven't noticed anything anyway.