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Constellation's Peter Madnick and Dr. Murali Murugasu return with a new digital source component which, at the moment I had walked in the room, had not yet received a name. But by the time I left was dubbed the Cygnus.

Projected price is somewhere between $15-20k with availability in May. Conceived as a do-everything stereo digital source, the Cygnus will play CDs and SACDs as well as files served from connected drives, computers, etc. and also function as a 24/384 DAC.

As always, case design is exquisite.

My beat is digital, but I'm particularly on the lookout for music server products. So I was pleased to see that Cary had their MS-1 server on display and fully loaded.

The spartan front panel has a single power indicator and disc drawer for ripping CDs directly to the internal 1 Terabyte SATA drive. On the rear are two USB connectors and an ethernet port to connect to your network. One USB jack operates as the digital out sending the data stream to your DAC and the other is for an external mirror drive or for sourcing files from USB sticks or other drives connected to the MS-1.

Cary has created apps (available for free in Apple's App Store) specific for your iPad or iPhone/Touch to control the system and music library.

The MS-1 is available now for $2,495 with a power supply upgrade to be released shortly for an additional $450. Cary says it is also looking to increase future storage capacity (the current drive can hold about 2,600-2,800 albums as FLAC files).

Stacked on top is the company's new $1,495 Xciter DAC which can handle anything up to 32bit/192kHz with 4 selectable inputs and a complete bevy of connectors on back.

HRT's latest DAC, the $199 iStreamer, sports a connector to take the digital signal directly from your iPod/iPhone/iPad device and convert it to analog. Power supply is included and the DAC will handle 32, 44, or 48kHz data rates at 16 bits.

Simple and to the point, this may be the perfect starter product for the budding audiophile.

John Atkinson readies the awards which will be picked up by the winners throughout the day.

The show will open in a few minutes and 5-year CES veteran Rosemarie Torcivia is ready to hand out free magazines and answer questions in room 29216.

The Consumer Electronics Association made the final step of registration, badge-holder pick-up, easier for CES attendees this year. In addition to registration sites at the Venetian, Las Vegas Convention Center, and a number of hotels, a registration booth was set up in the baggage claim area of Las Vegas’ McCarran International Airport. The line may have been 25-people deep when I approached on Wednesday around noon, but it moved quickly.

It's Wednesday evening just before rush hour, and the traffic is not too bad passing through the outskirts of LV along Interstate 15 heading north. The rest of the Stereophile crew will be arriving during the next few hours and Thursday.

John Atkinson has handed out the assignments:

John Atkinson: expensive speakers
Robert Deutsch: low-mid-priced speakers
Erick Lichte: amplification of all kinds
Jason Serinus: cables, accessories, and headphones
Stephen Mejias: budget gear of all kinds
Jon Iverson: digital products of all kinds

We'll gather tonight at JA's favorite Indian restaurant for dinner, and then coverage will start up in earnest Thursday.