When I first started using my MacBook Pro I noticed the playback was odd, different from my PowerBook. It sounded compressed. I sort of ignored this until I noticed (while demonstrating saturation to a class) I couldn't distort the signal using the internal mic: it was compressing automatically. Several students have also noticed this when recording in Garage Band. I've tried it with Logic, Audio Companion, Amadeus Pro, and there is definitely compression; you can even see the attack, at .05 milliseconds. Here is an image of the compression, when recording using the internal mic:
http://fileserver.music.utah.edu/cottle/comp/comp.png
(I just used my voice for this, and I admit this is rather unscientific, but it's still pretty clear.)
How do you turn this off? I've disabled ambient noise reduction in System Preferences/Sound, doesn't help. I've adjusted the volume sliders in Audio/Midi Setup, no change.
I haven't done any controlled tests with the speakers (i.e. setting up a mic with a separate system and sending a test tone), but I'm convinced it's being compressed too.