It's a hardware feature, it isn't really something that's missed in the majority of popular games but then a game like samurai shodown has really awful scratchy sound. SNK games in general seem to suffer heavily from poor sound quality.
technically yes cause it's a feature built into the hardware but it depends on if the game uses lots of audio at low sample-rates. Some developers would do this to certain sound effects assuming that the interpolation would smooth it out.
it...
Only thing drive me crazy is all these new horror games nowadays is its so dark, all time. I can't even play them. I understand they trying to create spooky but be creative a little, not just darkness with pop out scare scenes.