Bryon, it might be helpful to explain what you mean by transient response.
Lyngdorf systems (most probably also TACT ones) that have the room correction module do exactly what you have described under point 3 in your post. Thus, what follows is based on my experience with Lyngdorf systems.
When set up right the Lyngdorf room correction system can indeed work wonders, i.e. significantly improvs in the bass response, imaging and coherency (which is related to the transient response you were talking about) of a system. However, unless one goes for the top of the line Steinway Lyngdorf system this often comes at a price, i.e. dynamics (which on one hand is what most system lack anyways, and one the other hand is the main requirement for having system that sounds life-like).
On the other hand, if set up wrong (which often happens in untreated rooms) the Lyngdorf room correction system will literally such out all life from the music. One will be left with a good bass response, a good transient response, good stereo image but crappy lifeless sound...
I would rather opt for speaker designs that attempt to time align the drivers and use a subwoofer that is cross-overed as low as possible, e.g. a REL. Of course, I am just a hobbyist and my opinion is based on my experiences so far :).