I think one of the most important factors is the quality of the recording because no matter how good your system is the recording is what it is.
Further, compression of the recording and detail available to transmit through the room via pressure amplitudes is really important to overall soundstage. The density of the pressure amplitudes and it's impact on your inner eardrum is ultimately what it's all about.
It's kind of like porn you know it when you hear it. It's not rocket science

