The how we actually hear stuff is fine but I don't see how what you say applies to analog only. Both analog and digital are shooting for similar results as best I can tell and I have heard both do quite well despite the inherent limitations of each.
Mapman, not trying to change the subject, just pointing out that in the development of Redbook, human perceptual issues were largely ignored. To give a little more depth, we humans tend to not make things perfect, try as we might. In the case of digital, there tend to be in-harmonic distortions that are related to the scan frequency rather than harmonically related to the signal like we have in analog systems.
The problem is that the human ear takes higher-ordered content like this and interprets it as brightness. (this significance of this is that when you measure the digital system on the bench, it will appear to be ruler-flat in frequency response- it is our human perceptual rules that assign the brightness.) Had this problem been addressed properly from the get-go, I suspect that about 90% of the D vs A debate in the last 30 years simply would not have occurred.
This is an issue that has nothing to do with the misapplication of Nyquist, BTW. Now I have been accused of many things over the years, bias being one of them, but in this matter of digital, all I can say is I would really like it to work! I would much prefer to not have to provide space for all the vinyl I own, to fit it on a RAID array would be awesome! But my system is too revealing and the failings of digital are very obvious on it. Mind you, I've done no 'tuning' or 'voicing' or any particular treatments to somehow favor analog over digital. And I can put on a Redbook CD and enjoy it, but even my girlfriend who has no interest in audio at all comments on the obvious improvement that vinyl demonstrates over digital. I think too many people have not been exposed to decent analog playback (for example, improper setup of the equalization circuits in a phono preamp can exacerbate ticks and pops) and so the debate rages.