It would allow our playback devices to correct poor quality source material without introducing distortions or clipping. All the same reasons why 24bit is prefe

It would allow our playback devices to correct poor quality source material without introducing distortions or clipping. All the same reasons why 24bit is preferred in the studio. Basically studio-quality post processing would be possible on any mainstream content resulting in higher fidelity ultimately. Also, if you consider mashup style content where people are producing derivatives based on already mastered material it would generally increase the quality of that material.