Shadorne, a slight correction regarding your statement
The "perceptive loudness" effect is what is often used on modern pop CD's, whereby the waveforms are deliberately clipped in the recording/mastering process in order to create a "loud" sounding CDIn fact, I believe that these CD's are compressed, so that the dynamic range may be as little as 6 dB's, so that it sounds "louder"...this is a common trick for TV commercials. Limiters would be used to actually "clip" a very dynamic waveform, but are used more for radio broadcasting than recording.