Very impressive, but...
(1) A great FM exciter does not guarantee a clean signal as received. There's many a slip between the cup and the lip.
(2) As big and expensive as this Harris puppy is, it can only do 78 dB dynamic range. That can be matched or beaten by a $70 PC sound card. I'm talking stereo performance compared to stereo performance.
Again, add antennas, signal path, and even an exceptionally good FM receiver, and real-world performance through the whole loop is not all that wonderful by modern standards.
Admittedly the basic performance specs of 78 dB dynamic range and 0.5 dB FR aren't shabby, but it doesn't compare to what you can do with digital coding for a tiny fraction of the price.
(3) The worst thing about FM broadcasting is what they do to the signal intentionally, not accidentally. Of course we can't blame the medium for that.