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Anyone who thinks the high-end is on its last legs need only have passed the registration table for Rocky Mountain Audio Fest 20 minutes before the show officially opened. The lobby was mobbed, with the line literally going out the front door of the Marriott Denver Tech Center. Nor were these folks just from Colorado. On my first trip up the Tower elevator, I confirmed that my fellow passengers were audiophile visitors—not industry people—from Oregon and New Jersey.

Among the biggest buzzes at the January 2013 Consumer Electronics Show, and at Munich's High End Show the following May, was the sound in the room of Siltech BV, a Dutch company best known for its high-end cables. Siltech was demonstrating an innovative new power amplifier, and using it to drive the company's glass-cabineted Arabesque loudspeakers ($90,000/pair). The sound was unmistakably lush yet also remarkably linear, notably dynamic, and seemingly free of electronic artifacts. It sounded like the sound of "nothing"—which was really something!—and so much of a something that it caught the attention of many reviewers. But while there's often controversy and disagreement about a given product's sound quality, this time the enthusiasm seemed unanimous.

I've lost track of how many Transfiguration cartridges I've reviewed over the years. In all that time I've never met their designer, Immutable Music's Seiji Yoshioka, but every year he sends me an exceptionally tasteful holiday greeting card. I've never reciprocated. The truth isn't always pretty.

The Transfiguration cartridges I've reviewed, too, have always conveyed a midrange musical truth that hasn't been flashy or pretty. But it's always been honest and convincing, particularly of the reality of voices. If you said that the Transfigurations lacked character, you wouldn't be wrong—unless you intended it as a criticism.