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Editor's Introduction: In 2013, lossy compression is everywhere—without lossy codecs like MP3, Dolby Digital, DTS, A2DP, AAC, apt-X, and Ogg Vorbis, there would be no Web audio services like Spotify or Pandora, no multichannel soundtracks on DVD, no Bluetooth audio, no DAB and HDradio, no Sirius/XM, and no iTunes, to quote the commercial successes and no Napster, MiniDisc, or DCC, to quote the failures. Despite their potential for damage to the music, the convenience and sometimes drastic reduction in audio file size have made lossy codecs ubiquitous in the 21st century. Stereophile covered the development of lossy compression; following is an article from more than two decades ago warning of the sonic dangers.—Editor

Nick L. visits the Stereophile New York City office to pick up his brand new Audiofly AF78 in-ear monitors ($200) he won in the Audiofly headphone sweepstakes this summer. His comments throughout the years as Volvic here at Stereophile.com have detailed his love for Simaudio and YBA gear, analog playback, and taking care of his family. Now Stereophile is showing him some love back. Nick was just one of four winners for this sweeps.

When I reviewed Simaudio's Moon Evolution 880M monoblock amplifier for the June 2013 issue, I communicated via phone and e-mail with the company's VP of marketing, Lionel Goodfield. When the topic of hearing the 880Ms at their best came up, I could almost imagine him shrugging as he said, "Just use it with the most transparent, revealing preamp you can find." Not surprisingly, he then went on to say that Simaudio's own Moon Evolution 850P would serve nicely in that role. My cynical side might normally have discounted any such suggestion from a marketing man, but I'd been hearing the same sort of thing from other sources. And, as it happened, there was an 850P at Stereophile World Headquarters . . .

Memory mitigates adversity.—Lucius Lactantius (ca 240–ca 320 AD)

Pity the aging perfectionist, the happy diversions of whose younger days—washing records, oiling turntables, leveling equipment racks, cleaning tube pins—have now become hated chores. And this from a man who used to redo his Roksan Xerxes setup every few months, just for "fun."

It's time to celebrate another memorable year in high-end audio. Each December since 1992, Stereophile has named a few special components its Products of the Year. These are components that not only define the present audio landscape, but that we hope will someday be seen as classics—things you'll want to pass on to future generations of audiophiles and music lovers.

And the winners are . . .

With the help of 20:20 hindsight, it looks as if I made a decision when I joined Stereophile: to review a loudspeaker from Wilson Audio Specialties every 11 years. In June 1991, I reported on Wilson's WATT 3/Puppy 2 combination, which cost $12,740/pair in an automotive gloss-paint finish. This was followed in July 2002 by my review of the Wilson Sophia ($11,700/pair). And now, in December 2013, I am writing about the Wilson Alexia, which costs a not-inconsiderable $48,500/pair.