I too am old enough to remember those Japanese transistor radios. But those were nothing compared to the infamous ghetto blaster - remember those? At least in those days the yoof played decent metal instead of the "yo-yo-yo muthafukka" rap crap they spew out these days, and the sound quality from a decent ghetto blaster destroyed both your tranny radios and today's mobile phones!
Back on topic, I've listened to MP3s on today's players and the volume ALREADY sucks compared to my 80s Walkman (still working!). Not only that, but I used the earbuds that came with the player and they were SHIT. So I plugged in my trusty old ones from the 80s (also still working!) and - at max volume it's HALF as loud as the Walkman playing the same track. And they want to reduce it even more? Admittedly the MP3 does sound clearer and has better dynamic range than the tape, but without the volume what's the point?
Oh, and I'm 43, been listening to music at high volumes for years, and there's nothing wrong with my hearing. Yes, I have a bit of tinnitus, but it's only audible in absolute silence.
Megaphone because that's the only thing that produces decent volume these days.