I'm (overall) quite happy with the Sound Studio on my MS. I would really like to see Tesla do a little tuning of the built-in EQ as some people have done here on TMC, and I would ***LOVE*** to see a five- or seven-band EQ instead of the current three-band for more precise adjustment. But there is certainly nothing wrong with the current system IMHO. Sounds crisp, clean, and is more than loud enough. I'm playing FLAC from USB, BTW.
Re the EQ tuning, I love singing in the car and I heavily favor vocal music. Everything from ballads to country to rock/pop to choral to Bocelli/Groban/etc. My usual preferred listening curve on a well-balanced system with a three-band EQ would usually be +1, +2, 0 or something like that. In the MS, I'm currently using +5, +4, -1. Very strange. Still, it sounds good.
And, that's why a lot of this comes down to personal preference and experimentation. A prior poster Gtimbers did frequency testing with microphones, and determined best balancing was 0,-4,0. I personally have found that to be a great setting. I also found GREAT difference in FLAC vs. MP3. Enough to merit re-ripping 300 CDs. But, you like mid-boost, and prior poster doesn't hear difference if FLAC. The important thing for everyone is enjoy what you are listening to. There are several common conclusions, though: + Generally high quality sound, good sub, crisp highs - Tesla's implementation of Dolby is poor when playing stereo media. There's little rear sound under any circumstance, except when you put on Dolby. Beyond that, find your settings and enjoy.