I've noticed that a lot of folks here who are doing room treatments are going for a sort of "studio acoustic" atmosphere in their listening rooms. Having played sax in jazz bands in my high school and college years, I always found "dead rooms" really hard to play in, because they didn't really let you hear all of what was going on. At least for me, playing in a small jazz combo, I got cues from all sorts of things, not just the sheet music. I would listen for the trumpets to flick their valves, signalling they were going to come in, or some other such micro-harmonics. And to be honest, as a musician, playing in a slightly live (but well-controlled) room can be a LOt of fun, because you can actually play with the acoustics a little, and cause all sorts of interesting harmonic oddities. Plus, it makes it easier to hear yourself as a performer, if the room i sa little live.
Anyway, as an audio nut these days (I still pick up the sax now and then, and blow the dust out, but no longer play in bands) I find that my opinion about "dead rooms" is still the same. I prefer live rooms. There is no disputing that some of the rooms I've heard (like Dan's) which are SERIOUSLY acoustically treated, do produce a really nice sound, especially if you've got bigger speakers in a small, hard room (concrete, or block basement, especially).
But I will admit that I fall in the "live room/spot treatment" camp, a-la Michael Greene. I used to have a full set of his "Room Tunes", which are little triangle shaped pillows that you tack up in the wall/ceiling joints of the room (and also square ones that you use for side-wall, ceiling, and back-wall reflecions). These little pillows really go a long way to even out bass without killing the mids, and can actually tighten up the bass and mids by cancelling (or at least controlling) standing wave reflections in live rooms. The great things about Room Tunes is that 1) they are relatively unobtrusive, and can be used without making your living room look like a recording studio, and 2) they let you keep your listening room "live" and yet not be ringy or brassy.
You can get them in a number of colors (to closely match common wall paints) and they are pretty reasonbly priced.
I think my original set of RoomTunes got tossed when I moved last fall, but luckily, I'd dissected them a few years ago, and know how to make them. I have a sewing machine and I know how to use it...
Now all I need to do is make a set and get to tacking them up. Hopefully my Sweetie won't finde them too objectionable. If she does, I suppose could mount them with velcro, and take them down when I'm not doing "critical listening"...
--Richard