The biggest complaint about the auto EQ systems is the lack of flexibility. You won't know what Audyssey has done except by measuring the results for yourself. Otherwise, it can apply hundreds of filters, so that's got to be much finer than 1 oct rez.
Your mention of 300hz is interesting, because AFAIK Trinnov can have that freq pt as the correction cutoff, but I think I've been led to believe it is the guesstimation of what the Schroeder frequency area for any given room.
ARC is flexible in that the correction cutoff freq is adjustable, but I've been given the impression that most users leave it higher than expected.
MCAAC is perhaps the most adjustable, but AFAIK it does nothing at all for the sub channel, and only down to something like 63hz-ish otherwise. It only exists in Pio receivers, as YPAO only exists with Yam receivers. No pre/pros.
Most Audyssey featured products will offer at least two target curves, Flat and House/Audyssey (HF rolloff). It seems, historically, that Denon offered more flexibility in choosing either depending on the listening mode, as Onkyo's first generation with XT cannot apply Flat to stereo, or so I was taught by nibhaz. Marantz, at least for years, could not apply Audyssey correction to bitstreams of advanced lossless codecs, but could to the decoded PCM.
NAD will offer a third target curve, at least on certain models, as designed by Paul Barton of PSB. I do not know how it compares to the other two curves.
Then who knows what a pro can do with the Audyssey Pro calibration.
edit: I was picking Warpdrv's brains on the ARC with his purty Anthem processor. Here are some thumbnail attachments of the EQ results:
http://forums.audioholics.com/forums/showpost.php?p=567647&postcount=5