The question is not just the technology, but the psychoacoustics of sound reproduction. Audio scientists are still facing the problem that audiophiles subjectively prefer an inferior two channel format - stereo - to the more elaborate and complete multichannel, that delivers a much more accurate and complete sound reproduction.
Hello micro, I tried the multichannel way with music and to be honest I prefer stereo, I didn´t perceive any advantage or increase in my enjoyment of the music, BUT as far as movie watching is concerned the enjoyment was substantially incremented and the experience much more immersive, so in my case at least there is a definite divide depending on what type of sound is being reproduced. I wouldn´t call stereo inferior, it´s just the way we´re used to listen when we attend a musical event / concert, where the sound never comes from the sides, back or above and sometimes music isn´t even amplified.