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My problem with digital distribution is that you cannot actually listen to the full resolution audio at all anymore.
Then you have to consider the original source recording. Is it even recorded in such a way that the enhanced fidelity would be appreciated? Is it mixed down and mastered with skill?
Yes, multiband compression is a useful tool is skilled hands and a blunt instrument in others.
Digital recordings of the professional variety (assuming high quality ADs, pres, mics and signal path) can sound fantastic if you can listen to the stream in a stable distributed clock environment with no drift. There aren't many CD players that are capable of it but, some have good enough internal clocks and DAs to approximate what is really there. In general, a good CD player with XLR outputs will sound better through an analog amp than a good digital amp with a free floating spdif input.