From AES Journal 2007 September, Volume 55 Number 9:
"Audibility of a CD-Standard A/D/A Loop Inserted into High-Resolution Audio Playback
E. Brad Meyer and David R. Moran 775
Conventional wisdom asserts that the wider bandwidth and dynamic range of SACD and DVD-A make them of audibly higher quality than the CD format. A carefully controlled double-blind test with many experienced listeners showed no ability to hear any differences between formats. High-resolution audio discs were still judged to be of superior quality because sound engineers have more freedom to make them that way. There is no evidence that perceived quality has anything to do with additional resolution or bandwidth."
Test were done with a high grade stereo system and over one hundred test persons. Nobody could hear the difference between SACD and CD standard audio.
"Audibility of a CD-Standard A/D/A Loop Inserted into High-Resolution Audio Playback
E. Brad Meyer and David R. Moran 775
Conventional wisdom asserts that the wider bandwidth and dynamic range of SACD and DVD-A make them of audibly higher quality than the CD format. A carefully controlled double-blind test with many experienced listeners showed no ability to hear any differences between formats. High-resolution audio discs were still judged to be of superior quality because sound engineers have more freedom to make them that way. There is no evidence that perceived quality has anything to do with additional resolution or bandwidth."
Test were done with a high grade stereo system and over one hundred test persons. Nobody could hear the difference between SACD and CD standard audio.