Never understood stereo in a live environment. The limited benefit is only beneficial to those in the ‘sweet spot’ center of the soundfield. Even worse, those not in the center are missing half of the music!
Some forms of spatial reproduction (e.g., Ambisonics) claim a wider sweet spot, and I've been to some quite impressive Ambisonics gigs, but to give it any 'wow' factor, you need a lot of technical expertise and understanding of what you effect you want to achieve. Basically, you need to add a sound design engineer and live operator who really knows that they are doing to your band, maybe two. And then you need to be hefting around your own PA and have half-a-day in each venue to set everything up and debug it in a new environment.
