Four years after its launch, the CD medium would appear to have come of age, at least in production terms. Annual player manufacture is now big business, and there is hardly a major audio brand without a CD machine to its name—even such analog stalwarts as Audio-Technica and Shure have succumbed.

No, the $399 price listed in the specification block isn't a misprint. And yes, the Audio Alchemy Digital Decoding Engine v1.0 is indeed a full-function outboard digital processor. And since this is the August issue, not April, you can stop worrying that this review is some kind of joke.

The $399 Digital Decoding Engine is for real.

Though it's Stereophile's most popular single feature, "Recommended Components" has many problems. The biggest is that you readers use it—but then, if I didn't want that, why would we publish it? More accurately, problems come from uncritical use, as if only products that "make" "Recommended Components" are worth buying. Alternatively, it's concluded that products which drop out have somehow been consigned to an outer darkness.