For radio, "HD" will probably be rather subjective - here's a quick rundown:
"HD Radio" is digital, where the hope is that the FM band will sound CD quality, and AM will sound FM quality. While AM is a whole other mess, FM may live up to it's promise -- provided the station doesn't screw with it too much. In addition to the main signal, HD Radio may provide another audio channel or two...possibly decreasing the audio quality on the main channel.
Anyway, as this relates to FTA, many audio channels (those on Nimiq and Echo 7) sound close to what HD will sound like. It has the potential to be better than FM. However, just like "digital audio" was supposed to be better than analog, it depends on what they do to the signal...as some of those audio signals on Ia 5 can demonstrate.