What is the crowd's opinion of Wavelab?

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That's not really a spectral visualizer, it's just a waveform viewer. What DAW are you in? Just load the stereo bounce back into a separate project file and use that to view the waveform. If you need to see the spectral content, just use an EQ or a spectral imager like VoxengoSPAN.

You can also use a good two channel editor like Soundtrack Pro, Wavelab or Audacity.

steinberg wavelab, sony soundforge, audiophileengineering triumph

http://www.steinberg.net/en/products/wavelab.html

http://www.sonycreativesoftware.com/soundforgepromac

http://www.audiofile-engineering.com/triumph/