I have a few 2 channel SACD's and around 50 with the multi-channel mix and a few single layer multi channel titles (which are annoying having the one option). I have about the same quantity of DVD-A's (including a few DualDiscs).
The 2 channel SACD's I have sound absolutely superb but I much prefer the well mixed multi-channel titles - especially those from Telarc, though there are many others doing a fine job as well. Many people tout DSOTM as a fine hi-res surround example, and it is, but I believe there are many much better - in both genres. While overall I find SACD better (sonically) than DVD-A, it is still difficult to distinguish which format is better when listening to the best (of the titles I have) of both.
What is terribly important is that with SACD there are no delay settings so the recommended speaker placement for such seems to be of significent benefit as does setting the right speaker size and experimenting with the bass filters/settings/ on both the player and, if an option, on the external inputs of the receiver. Getting it all right can make a huge difference in hearing the benefits of well engineered/mixed hi-res multi-channel titles.
The beauty of the hybrid SACD is that there is something for everyone, including the redbook fans and this is why, imho, they should be the #1 format.