When you've all the strings going, the brass playing at it's most brilliant and the percussion pounding away, many systems lose track of the character of each instrument and instead present a homogenized, loud, stressful mess.
That would be typical midrange compression (heat and non-linearities at high excursions).
Soundstage is the first reviewer to start measuring compression. Since 2006, they include a chart comparing output at 70 db SPL with output at 90 db SPL and higher levels. The difference is thermal compression - so you can see Watt Puppy 8's tweeter starting to compress at 95 db SPL on Chart 4. Whilst Revel F12 seems pretty good at 95 db SPL but starts to look dodgy at an albeit very impressive (for a consumer speaker) 100 db SPL (although a glance at Chart 3 further up shows that distortion is starting to look scary at 95 db SPL)!
Soundstage state "Very few speakers can be tested at 100dB without damage"....so if you were wondering where is that all important 10 db SPL headroom...it ain't there in most designs playing at 90 db SPL (at listening position), as you are already stressing the speaker.
This paper explains venting and the importance of voice coil diameter in a driver and the choice of magnet. The JBL 2225H and EVX 150 with 4 inch voice coil takes 20 seconds to compress whereas a small 3 inch voice coil compresses within seconds. (Note that some subwoofers and many consumer woofers use a mere 2 INCH Voice coil or less - and these get hot really quickly and have trouble to get rid of heat)
The highly respected TAD driver with 3 inch Voice coil uses Alnico which loses magnet strength with heat and also compresses within seconds.
There is so much more to speakers than veneer/cabinetry. Almost nobody asks the salesman about the woofer voice coil size but, as it turns out, it is a highly relevant question that will govern how the speaker performs.
BTW - if you get 3 or more db of compression then you can bet that the whole crossover design is completely inappropriate at this playback level as the voice coil resistance has probably more than doubled in the drivers.
What does it sound like - "a homogenized, loud, stressful mess." as Dave so eloquently put it!