Yeah good fm SHOULD sound that way. And does on mostly small market stations with clean signal paths, but who aren't in a modulation war like the "big guys". 75us pre-emphasis is EXTREME as frequency rises. You simply can't boost highs that much, AND be loud, AND bright. Something's gotta' give, and that something is crispness.
No I don't think separation beyond 30-40db makes much difference with much material. But it IS an advantage of digital, so why not tout it? To not point out that this spec is FAR better would be an injustice, even if it makes far less difference than other measured specs...like distortion, flat frequency response even at full modulation, and distortion that doesn't rise to extreme levels under multipath conditions. THOSE are the big advantages. Separation just goes "along for the ride". Hell on a 32" tv from ten feet away, most people see NO difference between 720 and 1080 lines. But if your display HAS 1080 lines, that still is a higher spec, so why not crow about it? All other things being equal, expanding quality far beyond what it absolutely has to be is a good thing. The "fi" IS higher.
Radioskeptic,we both grew up in an era when FM stereo sounded better than it does now (at least I believe you're an "old fart" like me). Ride through a small market where the local station is owned by a guy who cares about sound, and you'll get a glimpse into the past! But it ain't goin' back. The modulation wars on analog won't go away. HD gives those of us who care about sound quality a chance to have sound that's BRIGHT and clean, even when compressed and clipped TOO DAMN MUCH! Even public stations have an excellent reason to use more dynamic-range compression than any audiophile would condone...road noise in cars, and analog noise from...well the world. Every db in average modulation is a db less perceived noise. Also if you're a public station, it is to your advantage that your signal not simply disappear when someone tunes from the local hit-music station to yours!
Show me a station where the on-air audio sounds just like a cd (or lp), and I'll show you a PD who's about to scream at his engineer because his station isn't as loud as the competition. And the PD isn't entirely off base! People DO perceive stations that "jump off the dial" as being "bigger", and more "powerful". It also enables listening at work, with the volume turned down low...because quiet sounds don't disappear. NOBODY at work is going to turn the volume down when someone speaks to them, or they answer the phone, and back up to hear quiet passages. They'll simply change to a station with more consistent levels.
Dream in an ideal world, LIVE (and work) in this one!