Now a reality check: unless you have the same components & speakers as the original recording studio, then your system will never sound exactly the same. This is where HiFi systems become subjective, since the aim is to put a system together that sounds perfect to YOU and YOUR ears (and remember no two people's hearing is identical).
Here, here, Carl! I raise my morning coffee to toast your excellent post. I might add to your accurate statement above, that even if you had the same gear, connections, etc. it would sound different in a different room. Further still, even if you in the actual recording studio at the time of recording listening to the very gear the engineer was basing their own decisions upon, it may not be your...well, cup of tea! I'm taking off on your caffeinated beverage theme--I trust you don't mind. You may actually much prefer your very own home stereo that you've assembled through years of trial and error, and that stereo may sound very little like the the monitors in the recording studio. So much for "fidelity". Or as Jack said, "...Truth?!..You can't handle the truth!!!"
Being a great fan of fine time pieces, though not at all a fan of status symbols, I can say that I've never seen a Rolex I found in the least bit attractive, nor will you ever find one on my wrist. There are many very expensive watches I find stunningly beautiful, weird as that may seem to anyone who doesn't give a toss, and I do appreciate the aesthetics of that art, as well as the craftsmanship that goes into designing and building the works of those hand-built timepieces (although you never really see them unless you remove them from your wrist and pop the back off). Similar arguments can be made with the gear we're talking about (hand-made in small batches by passionate people who've put tremendous R&D time and dollars into producing something that arguably does the same thing as items far less expensive), though the direction here seems to be aimed more towards function than form, probably because no one actually looks at IC's much once they're installed. As far as the function aspect of the watch; well, although they may say the same time at any given moment, we all know the Rolex gives mo'betta time than the Seiko, eh?;-) And just like those fat cables in the back of your system, you'll get those knowing nods of approval from all the right people. And the women will smile and make eye-contact, right after they steal a glance at your crotch fantasizing about fat wire, the original Rolex Milgaus (the rarest and ugliest of all Rolex's offerings), and all that discriminatin' good taste that only the privileged few can afford. BTW, the Chinese-made digital watch on my cell phone that's hooked up to a wireless satellite network keeps pretty good time too. I bet it cost about $2 to integrate into the phone.
My coffee is drained, and it's time to go to work. You're absolutely right, it's all subjective. No right. No wrong. As XTC put it, "...it's always been the same, it's just a complicated game."
Marco