Jeff and Drew wanting to have the last word are muddying the water, what has come of this is two or three importent things:
1) Digital mediums and recording devices do have an optimum operating level, in this case both danny, myself and this paul frindle agree -6db, although I have said the odd peak of -3db is alright. And I mean odd!!
2) The mixer in your DAW's should be treated like an analouge mixer, USE THE TRIM, it is your friend, here is a diagram of how much 32 tracks of summed audio creates
http://www.prosoundweb.com/article/setting_sound_system_and_mixing_console_gain_staging/av/P3/ what this means is even before you start mixing and if you have all faders at unity you are already 15db over 0dbfs, so if you are going to mix 32 tracks turn the main buss trim down so you have headroom. Because we all know digital has no headroom so, you have to create it.
3) Even though it still seems to be a point of conjecture, somewhere in the digital signal processing chain, harmonic distortion happens, so if this is the case listen for it when setting levels as it goes into the DAW.
As for the other stuff, it's all well and good but even I am struggling with it, I think the three above points are the most importent ideas that we have gained out of this disscusion.
And as I have pointed out before, it took them over 29 years to figure analouge out.
From the moment Bing and Les Paul, using stolen German technology figured out mulit track tape recordings and did the first home recordings in 1946, to the epitomy of multi-track tape recording or to put it plainly when tape could go no further. Which in my opinion is Bohemian Rhapsody, this is 1975.
Funnily enough the first digital recorder appeared on the market in 1977, If I remember correctly, so 35 years to get to the point where we are now, hmm funny about the similar timeframe.
The problem with digital is the goal posts keep moving, from the 13 bit digital recorder of 1977, to 16 bit in the mid-80's finally the not so 24 bit of now.
But we now I believe have three constants that we can say yes to, and reiterate, that digital has an optimum operating level, that digital mixing should be treated the same as analouge mixing and that somwhere in our little boxes somewhere in the signal chain, some form of harmonic distortion is happening and if it's pleasent aim for it.
Neb