It's laughable to think that equalization is not used along the process of getting music to yer ears.
The finest audio monitors in the world have eq settings built in so as to accommodate the listening environment, personal preferences.
What happens when everything doesn't match perfectly?
Yer stuck with piercing treble in a particular track or not enough vocals, or yer aching for a touch more bottom bass without to much bleed - Oh but hey I'm an audiophile and I must suffer through it?
Perhaps if one only listened to a single type of music by the same producer mixed on the same equipment with near identical performances it might make sense that no eq would be desirable during playback once you had the perfect monitors for that situation.
There are lots of times I choose NO EQ but man do I like having that choice!
I'd much rather enjoy music the way I want to hear it then to know I have some super duper hyper jet that presents glaring problems in a recording that would be EASILY remedied with a tool such as an equalizer.
I certainly trust James to fuss over an implementation that would keep right in line with his already excellent standards.