The other problem being that its A LOT easier to edit the equalizer settings of a rooted phone since you could easily replace system files. This was another thing that I loved about root -- people figured out how to increase speaker volume and adjust the frequencies for better equalization.
Damn that would be great. A nice working equalizer app would be perfect. Only thing so far that makes it better is high quality audio from pandora. I use my phone in my car connected to the aux port and i have a pretty decent system... Droid works well but sometimes the bass is a lil bleh... For the most part it's good but it could be better... A little off topic, but Droid's media players are a bit basic IMO.