Like
@sergeauckland says, no point whatsoever.
The best of the best DACs we've seen so far can resolve roughly 20 bits. I don't think most people have any idea of how crazy big a span 120dB dynamic range gives you.
You'd need a listening room with a ridiculously low noise floor + a set of speakers that can play brutally loud without compression to get there, and it won't be pleasant.
Yes, the loudness wars went way too far, but there's a reason why it started. A truly huge dynamic range will have you contantly reaching for the volume control, every time it switches between unintelligible soft and painfully loud. More realistic, but also really annoying.
I bet most of the audiophiles, who waffle on about dynamic range, have never heard the real thing. Their prime examples of such a playback situation probably doesn't equate to much more than 10 bit when you do the actual math.