You are there-they are here

No matter what your preference is, oftentimes the recording will dictate the presentation, but of course, the overall power response of your speakers and the way they interact with your room will always have a strong influence. I personally prefer the "you are there" experience most of the time, as I feel I can get a better perspective of the total picture.

I prefer a "you are there" presentation. I like a deep, 3-dimensional soundstage presentation. I like to think of it as a 'mid-hall' perspective. I do not care for the forward, 'front row seat' type of sound.
That said, I don't know how much the speakers themselves have to do with this sound. Speakers pretty much output what they are fed. Feed them 'you are here' sound and you will hear 'you are here' sound. The same can be said for 'they are here' sound. FWIW, my current speakers are Soliloquy 6.3i's.

For large scale musice (eg, symphony), I prefer the "you are there" presentation where you feel like you are in the large concert hall where the music was recorded. For more initimate music (eg, small jazz ensemble), I prefer the "they are here" presentation.

My preferences are the same as those of Dracule1. Unfortunately, the room for my reference system somewhat compromises achieving the "you are there" presentation for large scale music. In my experience - "they are here" is easier to achieve.

From my experience, speakers will impact the "your are there" vs "they are here", which I usually refer to as speakers being forward vs. laid back. In my last speaker comparison with a friend, I found the Von Schweikert VR-4s to be fairly laid back, while my SP Tech Minis and the much-praised KEF LS50s were more forward. I love my VR-4s, but would like to get a bit more of a forward sound from them. Not sure what, if anything, would enable me to do that. Just want a slight touch more forward a presentation.

Of course, as mentioned above, a recording will affect this as well.