Need a DAC with three S/PDIF inputs (two coax, one optical)? An asynchronous USB DAC? A line stage? A tubed output buffer? A power amp that should be able to drive even difficult speaker loads? Remote control? You've got them all for $1499. Just add speakers. (I assume you have a laptop computer and several disc spinners.) You may want a separate phono stage, because there is none onboard.

AHC demurred. "I'm not sure that I'm ready to advise anyone to take the risk of not buying a unit with a top-quality phono stage, no matter how well CD or DAT perform," he concluded, between commenting on Middle East wars.

Since I gave this presentation at the Rocky Mountain Audio Fest in October 2012, based on one of the topics in my Richard C. Heyser Memorial Lecture and mentioned in my March 2013 "As We See It," I have repeated it at Music Matters evenings at Definitive Audio in Seattle and Listen-Up in Denver, and at audiophile society meetings in Minneapolis, California's Central Coast, and Connecticut. I will be repeating the presentation at a Music Matters event at Georgia retailer Audio Alternative, Wednesday April 24, at 6pm, at T.H.E. Show Newport Beach, at 12 noon, May 31, and at The Audiophile Society in Brooklyn, NY on June 22.