No, but loudness makes things stand out in our increasingly loud world we live in today.
What does that say about us, really
I think we've all been there, driving our tracks up to DR3 just to sound "competitive". Unfortunately, all this does in the long run is create songs like this:
Loud Song, Badly Written
Loud but not in a good way? 
no i literally mean it's a loud world, and if you want music to cut through it's almost good to have our tunes as loud as possible.
i've never used a dr3 meter but then i don't know what that is. i think it's a special plug in measurement.
Music isn't a sit down and listen sort of activity any more as much as it once was. Today it seems to be more of a back drop to the conversation, the internet surfing, even the friggin live shows to an extent.