[apenwarr]

Sure. But you're still talking about the analog portion of the circuit. If the analog output of a digital recording - supposedly the input was a near-perfect square wave - is different from the analog output of an analog recording, and neither looks like the input signal, then it is a) certainly possible to make an analog output stage that produces a more precise output that better matches the input, and b) possible to make an output that better matches the analog output. Remember, the input was supposedly a perfect square wave, and contained inaudible components. The recording/playback component had nothing to do with the fact that you can't hear the entire spectrum.

All the limitations are in the analog phase. As you point out, it depends on the design tradeoffs in the DAC, amplifiers, etc, and that's an important lesson to learn in the class that was being taught. Nevertheless, the point I was replying to is the claim that the digital representation could not represent a square wave. That's certainly not true, and no Fourier transforms are necessary to demonstrate it. A PCM recording is just a series of impulses, not a series of sine waves.