It is interesting how, as audiophiles, we tend to rate the acceptability of a component according to our expectations of its capabilities. I know people with $10,000+ stereo systems who are perfectly happy to listen to the audio emanating from their mono VHS or Beta VCRs! This audio isn't even up to the performance standards of a good AM radio station—why do these people put up with it? Because they expect no better (footnote 1).
None of us expect an FM tuner, regardless of cost, to sound as good as our phono…