as a friend of mine in IT once said, 'bits is bits.'
I agree; bits are bits. That says absolutely nothing about converting them into music though. The devices that are in between the bits and the energy coming from the speakers to your ears can make a world of difference in how those bits translate into sound. Not to mention just how many bits there are that represent a given passage of time, and how they were extrapolated from that passage of time in the first place, and eventually processed between that process, to end up on whatever media they currently are embedded into. The saying is about as silly as pointing out that LP's are LP's or a groove is a groove.
On the other hand, I like your idea of the lilipution orchestras embedded in the medium...how the heck do they get'em in there?!
Marco