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I never fail to check out Jonathan Tinn's Blue Light Audio systems. He's a past master of system set-up, so his rooms always sound special. This year's was no exception.

George Kaye had his 120Wpc Moscode 402Au Stereo power amplifier ($6495) on display. Like the 401HR before it, the 402AU accepts a variety of tubes in its front end. The 402 adds low negative feedback, optically coupled floating bias circuit, and dual mono power supplies.

With hindsight, it should have been obvious at the time that the 1970s witnessed a glorious flowering of high-end audio. Almost all the brands now regarded as leaders had their start in that decade, though with perhaps the exceptions of Audio Research, Linn, Magnepan, and Naim, those of us working at audio magazines missed the significance of the new names. Dynaudio, for example, was founded in 1977, but not until the end of the 1980s did I become fully aware of the ground being broken in drive-unit and overall system design by this Danish loudspeaker manufacturer.

I once spoke to a blacksmith (named Smith, actually) about the wonderfully patterned bowie knives he made of Damascus steel. Struck by the contrast between the massive brutality of the knives themselves and the delicate beauty of the steel from which they were wrought, I asked Smith why he worked in Damascus, expecting him to extol its legendary temper or its aggressive cutting edge. After all, he was a pretty macho guy with a physique like, well, the village blacksmith's (Google it, young 'uns). He thought for a minute before responding, quietly, "Beauty is its own reward."

"Now that <I>can't</I> work," I thought, as I went into the Crystal Cable room and saw the Dutch company's new Arabesque loudspeaker (45,000 Euros/pair, equivalent to around $60,000). A glass enclosure? But as I listened to a variety of recordings that I thought would expose cabinet problems, such as female vocals and solo cello, I didn't hear any flaws that I could lay at the feet of the enclosure.

Magico had two rooms at the Venetian, the first of which featured the Californian company's new 4-way M5 ($89.000/pair). Weighing in at 360 lbs, the M5 features a ring-radiator tweeter built into the baffle, two 6" Nano-Tec-coned midrange units, and two 9" Nano-Tec woofers, these featuring 5" voice-coils. The sealed enclosure&#151;no ports in Alon Wolf's designs&#151;is constructed, like other Magico speakers, from multiple layers of Baltic Birch plywood. The convex front baffle is machined from a 200lb slab of aircraft-grade aluminum.

Featured in Magico's second room in the Venetian was the new V2 ($18,000/pair), a smaller sibling to the V3 that I <A HREF="http://www.stereophile.com/floorloudspeakers/508mag/">reviewed last May</A>. It combines the same ring-radiator tweeter as the V3 with two 7" Nano-Tec drivers, the latter arranged so that the lower woofer rolls off at a lower frequency than the upper one to give much of the sonic benefits of a two-way design.