Originally posted by: binister
Damn... I bought the Beside You In Time HD-DVD of the last NIN tour and when I play it I can definitely hear the distortion that is present in their tracks. The audio sounds fantastic (TrueHD) though. 
Do you think there is anything to worry about?
EDIT: If you aren't familiar with NIN listen to the distortion added to 
this track. (around 15sec). That is what I am referring to. You can definitely hear it when I crank my system to reference levels.
		
 
		
	 
Probably not a problem - reference level is not very "loud" if the given program has wide dynamic range.  It really depends on the type of drivers you have as well.  Speakers with low efficiency of < 90dB 1W/1M may have problems reaching so called reference levels - especially at FOH. :Q  
The important thing to remember is a speaker power rating is based on program material.  Luckily music is hardly a continuous tone so it's possible to have a full range loudspeaker system with a single 15" woofer with a 4" voice coil, 6x14 MR horn with a 3" voice coil, and 4x14" high frequency horn with a 2" voice coil that can handle 1500W program, 3000W peak and not be stressed.  This does NOT mean the speaker can handle a 1500W sine wave!  When it comes to sine waves, the speaker is ONLY going to handle this based on its frequency.  The speaker in the example given would handle a 60Hz sine wave of 600W as all the power goes in the woofer and at typical one way 8mm Xmax there will be plenty of air moving through the pole piece cooling the gap.  At 1.5kHz the power handling would drop to 200W since most of this would be going to the midrange whose diaphragm may be ferrofulid cooled.  Even higher sine waves of 10kHz would take the max power down even further since the drivers become more delicate and susceptible to overheating from this example.  Most home speaker high frequency drivers cannot handle more than 10-20W, however this represents a 120+ wpc receiver's volume at the one o'clock position with average 10db crest factor material program with clipping at 10% in duration.  That is pretty loud unless you're listening to very inefficient speakers which you would not be using a receiver anyways. 
One way to tell if a tweeter or midrange even is in danger of overload is with a lightbulb.  Those axial bulbs often used in automobile dome lights work well.  Put it in series with the driver and crank the volume.  It's normal for the bulb filament to glow on peaks.  If it's glowing brightly all the time, it's too loud.  You can actually leave the bulb inline as protection if you wish - in most cases it has little effect on sound and will protect delicate voice coils from frying in case of accident or amp trouble.
In pro audio these things happen far more frequently than in the home and many PA systems will have a driver protection scheme.  But there are hardcore clip-light-crackheads that manage to fry them nevertheless because they feel if the bars aren't in the red, it's not loud enough. :|