State of the art is another non-specific descriptor. If we refer to technical specification only, then certain parameters certainly exceed thresholds of audibility. Depending on which characteristics we are discussing and which thresholds apply, falling short of SotA may have no audible consequences.
Remembering that audio waves are relevant to actual sonics, but the proper good feelings one may get from purchasing gear that returns nice numbers (that one may value as a proxy for good engineering, or whatever) are not. People who obsess over numbers that don't matter, and harass people who enjoy listening to gear with different numbers that don't matter, may be indulging in little more than a technical fetish.