Well, according to the spec sheet, it is pretty linear between 100hz up to about 1.6khz where it has a dip ( a phenomenon caused by the size of the speaker ) and then from 2khz up to 4khz, it has a roughly +6 to +7db boost. by 6khz the frequency response is linear again ( equal in output to the lows ) but it falls off sharply to pretty much useless output by 7khz.
The sound of a Blue is bright to my ears, although it is even and full in the lows and mids. The spike it has is right in that area, with the even response in the lows and mids, punches out at you.
The Blue was initially designed as a PA or Radio speaker, hence why it is rather linear in the lows and mids. Speakers that size have NEVER done well in the top end. Historically 1.2khz to around 1.6khz is where a crossover was set to transition into a horn, tweeter, or other high frequency reproducing device. The blue was designed to try and do away with needing a HF device and be an all-in-one solution. Hence the boost around the last of a 12" speakers usable frequency response.
Denny's idea was to use EQ to emphasize frequencies 10khz and up in order to further even out the frequency response of the speaker. With a corner frequency of 10khz, there was likely a generation of output down to around 5khz. With the natural response of the speaker and the added output of the Top Boost circuit, the resultant sound of the output ( at the speaker ) was essentially linear enough to be a PA speaker.
If you have ever plugged your guitar amp into a PA speaker, it would have nearly the same effect. That is what Denny was trying to produce with the top boost circuit, but utilizing a regular speaker.
The original bright channel of an AC30 was pretty bright, while the normal channel was actually rather muddy and dark. The Bright channel utilizes a 500pf coupling cap, which is very small, cutting off lots of bass and even some mid frequencies. It also utilized 220k plate resistors which kind of makes the stage seem compressed, punchy, and abrupt, which adds to that chime and stacatto-like sound it has. I.E. It doesn't bloom and sound bubbly like a Fender does. With no feedback loop in the power section, the amp is allowed to sound the way it does, which is why the cut control exists. Without it, the amp would be very brash. Even with the cut turned all the way down ( least amount of cut ) it still has quite the effect on the output stage. If you were to remove the cut control altogether, it would get VERY VERY bright.