Floyd Toole
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It is too late to change formats. It is interesting to ponder that the history of audio began with loudspeakers, where numbers (channels) matter because of their physical "presences" in rooms. Mono was deprived of any semblance of envelopment, and stereo added enough directional and spatial interest to gratify most people, so it earned the right to become widely used. Over the years the flaws and limitations of stereo have become the norm - we have adapted to it, and some people even think it is "perfection".What do you see as the best replacement for stereo (considering probably >90% of existing recordings are in stereo).
I must confess I reverted to stereo from (poor man's) Atmos, because I got tired of most Atmos (and generally multichannel) productions, especially in movies.
Probably my setup wasn't good enough, or I am too "preconditioned" with stereo material.
That said, these forums indicate that there is a never ending desire to extract more from stereo than it is capable of delivering.
Those who have heard well made multichannel or immersive classical recordings tend to agree that they are much more rewarding, but the investment in, and the intrusiveness of the hardware is challenging for people who do not have a dedicated listening room. The shortage of recordings is a factor. The compromise is upmixed stereo, but the upmixing process adds a layer of "art". Upmixers are not universally tasteful, often interfering with the soundstage, rather than just adding a pleasant sense of spaciousness. I have used them for years, and the effects of a good one are most noticeable when it is turned off and the sound field collapses to the front. Even a pair of added side channels is enough for a significant benefit. Locating them at +/- 60 deg may be optimum for music.
As I point out in the 4th edition, if one wants to capture, store and reproduce three dimensional acoustical events, binaural (dummy head) recordings using headphones with head position tracking on playback can be very impressive. But there are almost no programs in that format (games notwithstanding). Crosstalk cancelled loudspeaker reproduction offers some interesting binaural options, but these are not well known or understood. Still two loudspeakers and a sweet spot but with interesting spatial options.