I have a soft spot in my heart for live music. I imagine part of that is because I was brought up by musicians who instilled in me a love for live music. But waaaaaaay beyond that... when live music is done well it's maybe as close to having religion as I will ever know.
But to be completely honest, I'd rather listen to a shitty band/group live than an overly processed, overly produced recording of the best band on the planet. There is something about the shared experience, the raw power filtering through the sound system, feeling those power chords and bass notes vibrating in your chest, and the guts it takes to play your music in front of any number of people.