I understand where both sides are coming from, and I sort of agree but disagree with both sides. (Yes, I'm insane! [Creature from the Black Lagoon Music]duh-Duh-DUUUH![/Creature from the Black Lagoon Music] ...Or am I? <wiggles eyebrows>)
Sound is a three-dimensional phenomenon, but sound sources are neither mono nor stereo, because "mono" and "stereo" really refer to the speaker setups that output sounds-- and to the microphones that are placed to capture the sounds-- not the sources of the sounds themselves.
Yes, sound sources exist within a three-dimensional space, and the sound waves from a single sound source expand outward from that source and fill up and bounce around in that three-dimensional space. But with regard to the specific examples of a piano, or a drum set, we could argue that they're really a collection of separate sound sources-- i.e., the individual strings, drums, cymbals, etc.-- rather than single sound sources in and off themselves. Sure, we think of them as single sound sources, and may even perceive them as such if they're far enough away from us, but they really aren't. Even a cow (or human) that's burping and farting at the same time is two sound sources-- the anus and the, um, mouthus.
The original question, as stated in the thread's title, was about the difference between "stereo" and "panning," not "mono sound sources" versus "stereo sound sources." And that question has already been answered. But to take this dead horse to a higher level, stereo recording doesn't really give a true depiction of how the sound sounds to a person who's listening to it with his or her two ears, because stereo isn't a three-dimensional capturing of sound-- it's only two-dimensional. We really need octophonic (i.e., "quadrophonic on two levels") microphone placement, and octophonic speakers, to get the true three-dimensional sound image. Or we could make do with a hexophonic placement-- front/back, left/right, and above/below-- but hopefully you-alls knows whats I means; we need to capture the sound within the three-dimensional listening environment, and play it back in a way that recreates that three-dimensional environment.
And even though we have only two ears, we can still detect whether a sound is coming from the left, the right, above, below, in front, or in back of us-- but we can't capture and replicate that with mere stereo microphones/speakers. I will even go out on a limb-- and then saw it off behind myself-- by stating that a person with only one ear still has a sense of a sound source's directional placement within three-dimensional space, albeit not to the same depth as a person with two ears, just as a person with only one eye can still tell whether an object is to the left, right, above, below, in front, in back, but not how far away it is in any of those directions (or, at least, not as well) due to the lack of visual depth perception.
Yes, most of us don't own quadrophonic or hexophonic or octophonic audio systems, just stereophonic-- or (if we're really, really, really deprived) monophonic systems. And yes, we could argue that a band on a stage is spread out along a horizontal plane, hence the above/below distinction is dispensable; and the band is in front of us (since we're "facing the music"), hence the front/back distinction is also dispensable. But it seems to me that that's kind of a "sour grapes" argument-- "I don't have a three-dimensional audio system, just a two-dimensional audio system, therefore I decree that a stereo system is good enough to depict all the music in the universe, because... waah! waah!... I don't have a three-dimensional audio system!" (sniffle)
Home recorders, unite! Begin recording everything in octophony! Or in a pinch, in hexophony!
Home listeners, unite! Demand that audio system manufacturers begin selling hexo and octo systems in addition to stero and mono systems!
Musicians everywhere, write to your MIDI Association representatives and urge them to support panning in three dimensions (PanX=left/right, PanY=up/down, PanZ=forward/backward), not just one dimension (Pan=left/right)!
Oh, wait. Is time the fourth dimension? And what about the Fifth Dimension? I used to listen to their album all the time! (Did they have more than one?) Okay, I guess the fourth dimension is already covered by NoteOn/NoteOff events. But what about the Fifth Dimension? Does anyone have MIDI files for the Fifth Dimension?!? I must have MIDI files for the Fifth Dimension!!!
[Doctors rushing in to pump me full of sedatives]
I feel sooo much bettttter!
"We now return you to your regularly hijacked thread, already in derailment."