Very predominantly an artifact of recording, engineering, and playback. Hearing live music in a typical location in a typical venue, there is a sense of spaciousness, but very little localization of instruments, even left to right, let alone back to front. Moreover, a good deal of what there is likely owes to the processing of visual cues. This varies with the size and ambiance of venue and of course with the number and arrangement of musicians and kinds of instruments, as well as whether and how they are amplified. But in my view, when audiophiles speak of imaging, they are referring to a phenomenon that is pretty much different in kind and extremely different in degree from what would be required (or permitted!) in recreating the live experience. That's not a knock on imaging. I love it, and want my system to be able to extract as much of it from the grooves and bits as possible. But I am under no illusion that imaging enhances an illusion of "being there" at a live event. Besides, plenty of music was made for recording rather than performing live, and performance would lose some of the virtues of the recording, including that cool imaging.