Much has been written about, and much testing been done to line array speakers. There are many advantages to a line array. Having said that some people still prefer a point source, others horns and still other prefer electrostatics. I have listened to all the various types and the one I like the best is a line array.
Your concerns about frequency response are not warranted.
All that is really happening with a line array is that the wave front emanating from the array is a cylindric section as opposed to a spheric section ( aka point source) in a traditional 2 or 3 way classic speaker system. By virtue that the line array has a cylindrical wavefront, the loudness drops off linearly with distance as opposed to the logarithmic drop off of a point source speaker.
There have been a few nay-sayers over the years regarding line arrays, but in every case that I have investigated, the negative remarks came from a person who has never actually listened to a well designed line array.
The reason not more of them are around is that they are expensive. Build them yourself and they are expensive. Buy them pre-build and they are even more expensive.
There is more to designing a line array than just tossing some speakers into a tall box. The mounting plate dimensions, driver spacing and more play no small roles in how it performs.
If you want a nice introduction to a line array, go listen to any of the McIntosh XRT speaker systems that have tweeters that extend from the floor to the ceiling. While there, sit on the floor, stand, and sit. The imaging and frequency response is unchanged. It is an eerie experience.
To experience the linear drop off characteristic of the line array, close your eyes and walk slowly to the column. Stop when you think you are 8-12 inches away. 95 times out 100, people will walk right into the array. Those that don't walk into it chicken out.
Where the line array really shines is in imaging. When I listen carefully to a recording I can tell with a high degree of certainty where the microphones were placed. I remember one recording where I had some difficulty placing myself in the symphony hall. After a moment, I realized I was about 20 feet above the seats. I later got a DVD of the concert and indeed the microphones were suspended from the ceiling and about 20 ft in the air. That is the sort of imaging a well designed array will give.
Where the IDS is superior is in coherence of the imaging. The IDS will allow to to precisely place any instrument in a symphony orchestra. Instead of the 1st violin being in an area, you could just point directly to where he/she is standing. Ssme with kettle drums, double basses, etc.
A lot has to do with the recording engineer too. Get a bad recording and the imaging will be miserable. Save for a handful of CDs, all I own are DG recordings. DG knows what they are doing....mostly. Naxos just plain sucks rocks all the way around. About the only thing Naxos is good for is for getting a recoding of obscure music. Lt. Bloombaums concerto for Kazoo and bagpipe could likely be found on Naxos.