Do we ask too much of our audio systems?

I think that you can achieve a live sound experience with a home system and I don't believe you have to spend a fortune to do it.

As with anything you do need the proper tools and don't forget how much your room affects your sound.

One of the many traps of the audiophile hobby is thinking if the system is better, the music will sound better. 
  In my experience, yes and no. The more revealing a system is, the more it will emphasize both the strengths and weaknesses of recordings. I personally have found myself ignoring great swaths of my collection not because I didn't like the music, but because the recording isn't up to the standards of my best recordings. That wasn't an issue before I started buying High-end equipment so many years ago. 
      Over time I've learned to just kick back and relax on the couch on lesser recordings instead of sitting in the listening chair, with no concern about flat or incoherent soundstage, etc etc.. This approach has worked for me. 
    The vast amount of recorded music was not done with "critical listening"in mind. It was and is a product made to sell, and mixed to sound reasonably ok on radio and on the systems of the era, and the tastes of their intended audience.

Every recording I own has its own sound, and I don’t mind one bit. As somebody once said, "If it’s good, it’s good." That might have been said more than once...not sure...as Bob Dylan says at the end of his shows, "get me outta here." I always wonder what the "live sound" reference really means...Orchestras that sound absolutely different depending on seating? Acoustic Jazz musicians listened to from a seat on the stage with the band? The hundreds of live concerts mixed by me? (those are all simply wonderful sounding events) Me again, noodling on an acoustic guitar? I think some recordings simply appeal to the audio geek as great sounding, but if the music isn't interesting it sort of doesn't matter...a system is tweaked to personal taste all over the map it seems, with no bottom line although many dive deep looking for it...somebody said once, "if it's fun, it's fun," and that likely wasn't Bob...or maybe it was.