Negative feedback in high levels is quite audible and it doesn't sound good.
Agreed. A badly designed circuit will sound terrible. Most manufacturers try to avoid building unstable circuitry. However, in the pursuit of ridiculously high damping factor specifications (for marketing purposes), it is certainly possible to build a dangerously unstable circuit. Extremely high amplifier gain will lead to instability and oscillations. This occurs when feedback times open loop gain approaches negative one. In this case, the closed loop gain will approach infinity...which is of course not possible and everything becomes oscillatory, distorted and clipped.
In general, typical SS amplifier circuitry (with negative feedback loops), although very linear when operated within tolerance, are not at all forgiving when they are over-driven; typically when over-driven they sound harsh and then damage speakers fairly quickly. Certainly, high levels of negative feedback are likely to lead more quickly to catastrophic behavior.
Since music is very dynamic, it is relatively easy to over-drive equipment. Some SS gear has built in protection circuitry that is designed to detect and protect equipment from damage.

