Honest1,
You are right about the volume difference in a concert hall vs. at home. I can easily whisper something to my wife at a concert, but she is always telling me to turn down the stereo because she can't talk to me.
This brings up an interesting question, of whether a stereo has the physical capability of conveying the type of dynamics of an orchestra. Of course, a stereo is a vastly simplified illusion, and is amazing the degree to which it approaches a real performace. However, consider that there are over 100 musicians on stage. Each musician has an instrument, often with multiple strings, each of which is vibrating independently. When you think about the 1000s of pieces of string, reed, skin, metal, and wood vibrating on the continuum of a stage, you realize that a stereo will always fall short. A full-range speaker will most often have only 8 points of vibration eminating from 2 points. Our mind is fooled even though the approximation can only be considered grotesque.
Also, a concert hall is very different than a living room. It is professionally designed and has space to allow the different vibrations to assimilate, reinforce one another, and disperse. How can one compete with that?
Rob