I've long considered most systems I've heard to sound too lightweight, lacking the heft and visceral qualities heard in live music. That lack of weight is accompanied by a lack of lower-midrange/midrange tonal density: instruments are robbed of their full, complex timbral character, sounding anemic, eviscerated, "washed out". It's analogous to lack of full color saturation in photography.
I find the fact that the lower few octaves contain SO much information in such a limited range of frequencies: the bottom four octaves cover only frequencies 20Hz to 320Hz, a span of 300Hz; the top four octaves 1280Hz to 20,800, a span of 19,520! Interesting, ay?