i agree, im really not overly impressed with 5.1 in the first place over 2 ch, if you have a surround receiver 3ch C/L/R is certainly better then 2ch, because you have no sweetspots but as far as adding tons and tons of extra channels there comes a time when its time to stop, unless you have a dedicated room for you system theres no point in having 11ch sound, and you need a large room to properly image things, ideally u need a sofa or your chairs sitting right in the middle of the room, with equal distance from the left and right walls, and equal distance from the front and back walls, and a large space to fill with sound so that no matter where anyone sits in the seats they get nearly the same imaging. ive seen people have their tv on the front wall of the living room, but have their couch on the side wall. whats the point in that? those problems are only going to get worse as your going to have to ensure better seating positions with more channels if you really want to use them to their full potential. as far as theaters go there is certainly potential. as far as music goes im all in favor of 5.1 for it, when properly set up (surrounds directly to the sides) it greatly increases the stereo depth and width and gives you a center channel which kills the sweet spot, now when it comes to 7.1, that just sounds unnatural, in real life you dont have instruments playing behind you, i cant even imagine how screwed up music would sound on PLIIz. height channels in music? come on, seriously.
but of course surround sound could be greatly enhanced by more then 10 channels, four speakers angled from the ceiling, 5 front channels, two surrounds, three backs, as far as floor channels goes, thats really not practical.