If you are an audiophile, that is, if you care about the color and texture of sound, no. Not at all. Yes, codecs exist and there are methods to artificially round or shape the audio (eg. equalization biases, stereo width etc)... but hyperprocessed audio, just like food, is horrible. The data transmission technology may be here, but the aesthetics, the important part, are absolutely awful at the moment. We are not there yet. Stay critical.