Subaru, not only must s & h/ware be good, as you note, but also the multi channel RECORDING. What exactly is to be wired into, say, the rear channels? The cellos, the violins, the echo (from where -- the Opera Hall?), the conductor swishing through the air??? Rumour has it that sound engineers have not yet been given a standard for recording in multichannel.
In my small experience of multi-channel audio, I haven't yet grasped where exactly I am "situated" while listening: on stage with the orchestra, in the first row (but then the sound comes from the front... the best simulation I've got was in the middle of a (empty -- hence reverberations) room.
On another note & quite against grain, I often have NOT experienced "pinpoint" imaging when listening to music live... rather, it's the combination of sight and hearing that "pinpoints". But I am definitely there!
Maybe another way of referring to "they are here" (i.e. pinpoint imaging, "I can clearly see each & every musician on stage") and "I am there" (i.e. the feeling of overall participating in, or being enveloped by, the musical experience).
Cheers!