I agree with much of what you wrote (about compression), Dustychalk. But I would point out two things. One...compression in moving coil transducers is caused by their "motor assembly" (the moving parts) reaching, or nearing the end of their linear travel, something which very seldom happens at high frequencies in headphones! The amount of cone movement required to reproduce high frequencies, even at very high volumes, is a tiny fraction of that required to reproduce full bass. So I doubt that HIGH FREQUENCY compression caused by the mechanical assemblies in headphones is much of a problem.
However, MECHANICALLY GENERATED compression certainly can, and does result at low and midrange frequencies.
Second, I would point out that very little of what we percieve as noise occurs much above 10khz. Our hearing acuity takes a RADICAL nosedive (varying from person to person) above 10-15khz (in some people this starts at 9-10khz, in others 15-17khz, but it happens to nearly all adults). The frequencies that we percieve as "extreme" highs are actually usually in the 7-10khz range. Thus the range between 5 and 10khz is where most AUDIBLE noise exists...right in the very range where our ears and brains perceive musical "detail". Which is why it's so damn hard, nearly impossible in fact, to remove noise (tape hiss, for instance) from historic (analog, gasp!) recordings without doing damage to the music!
In my opinion (in case you're interested), "blackness between notes" certainly isn't the holy grail of sound reproduction! Don't believe me? Get your hands on an old (1980s) outboard dbx noise reduction unit, and play one of your favorite (un-encoded) cds through it. You will hear NO NOISE, thus you will achieve the ultimate "blackness between notes", but the sounds which remains will be horrible beyond belief, because the badly mis-tracking device will poke (large, very black!) holes in your music in places where it did not belong!
Some noise is present in all environments in which recordings are made, and in all equipment used to make them! The total elimination of noise isn't a goal that I'd waste very much time trying to achieve! (Neither do manufacturers, by the way, as thusfar NO dvd-a or SACD players actually achieve noise levels below the 19th bit! By the way, the audible equivalent of 20 bit performance can be achieved with a garden variety dat recorder running Sony's SBM (Super Bit Mapping). I find it most amusing to know that my 5 year old Sony DTC-A6 is actually "quieter" than the most expensive dvd-a or sacd unit. Tee Hee!)