I have some basic familiarity with C*-algebras (from the mathematical physics side - Bratteli-Robinson), and while having a look at Arveson's "Invitation to C* algebras", I came across so-called CCR and GCR algebras (CCR unrelated to the mathematical physicists CCR-algebras). They seem to be somewhat known, I guess, however let me recall Arveson's definitions:
A CCR algebra is a C*-algebra $A$ such that, for every irreducible representation $\pi$ of $A$, $\pi(A)$ consists of compact operators.
Now, given a general C*-algebra $A$, for every irreducible representation $\pi$ (on some of $A$, we can consider the subset $\mathscr{C}_\pi:=\{x\in A| \pi(x)~\mathrm{compact~in~}\mathcal{B}(\mathcal{H})\}$, so basically the subset of all operators that are mapped to compact operators. The intersection of these sets for all irreducible representations is naturally a CCR-algebra called $\mathrm{CCR}(A)$. Now we define the GCR algebras:
A GCR algebra is a C*-algebra $A$ such that $\mathrm{CCR}(A/J)\neq 0$ for all ideals $J\neq A$.
Basically this means that the irreducible representations of C*-algebras contain all compact operators. In particular, finite dimensional C*-algebras are of this type, because all operators are compact.
Ok, for nonreflective Banach spaces, we should replace the "compact" with "completely continuous", which actually is the reason the CCR algebras are called like this, but I'm not really interested in this.
My questions are:
Arveson claims that GCR algebras are in a sense the easy C*-algebras, because only there can we actually really study irreducible representations and write them down. Is there an intuitive reason, why this is the case? What do compact operators have to do with this?
Also, is there a relation to the study of representations of von Neumann algebras? Here, we know that all irreducible representations are type I (if I'm not mistaken), but there are a lot of algebras with representations that are not type I and they are extremely important, e.g. in Quantum mechanics.
Or in short: What's the bigger picture behind these objects and are they still interesting objects to study?