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1500–1600 parts, 14 circuit boards including six input boards . . . that's just the start of what gives Pass Labs' top-of-the-line XS Phono stage ($45,000) the right to the "excess" moniker. It's a while back that Nelson Pass told veteran preamp designer Wayne Colburn (above). . .

With my assignment high-priced amps, preamps, loudspeakers, and turntables, I started off by heading to the big rooms in the Venetian Tower. First up was the Esoteric–Cabasse room, where Esoteric was showing the latest incarnations of its “2” series, the Tokyo-made C-02X stereo line-stage preamplifier and S-02 stereo amplifier ($20,000 each). In a classic case of “trickle-down engineering” (which actually works, while trickle down economics rarely does), the preamp uses the same dual-layer supercaps as in the Grandioso ($40,000). It’s a fully balanced design, with a separate volume control for each phase of each channel. The sound is claimed to be faster, lighter, and more highly resolved, with a “big open soundstage.”

The day before the opening of CES is devoted to press conferences, mostly by the big boys: Sony, Samsung, LG, Panasonic, etc. These are generally of little interest to Stereophile readers, so our detailed show coverage doesn't start until the official CES opening.