<I>Stereophile</I> Shows in the past always had full programs of live music, to allow Showgoers to recalibrate their ears. While Axpona had a live concert Friday night featuring Steve Davies on guitar and vocals and John Yurick on keyboards, with me guesting on bass, this was for exhibitors and press only. Fortunately, John Yurick performed live on piano in the hotel's lobby during Show hours, offering up some excellent jazz standards.

"That's a familiar sound," I thought as I entered the 5th-floor suite shared by YG Acoustics and Krell. It was the classic Show dem record from the early 1980s, <I>James Newton Howard & Friends</I> on Sheffield Lab. The speakers were the YG Anat Reference II Studios ($70,000/system), which differ from the Anat Reference II Professional reviewed by Wes Phillips <A HREF="http://www.stereophile.com/floorloudspeakers/yg_acoustics_anat_referenc… year ago</A> in not having the powered subwoofer modules. The room was problematic at low frequencies&#151;either there was an upper-bass suckout or there was too much upper bass&#151;and YG's Dick Diamond had spent long hours optimizing the sound on set-up day, but the effort was obviously worth it.

As you will see from the forthcoming May issue of Stereophile, modern horn speakers don't suffer from the colorations and idiosyncrasies that plagued the genre in earlier decades. Such was the case in the room shared by Aaudio Imports and Sanibel, FL retailer Lee Island Audio. The German Acapella High Violoncello II speakers ($80,500/pair) with their ionic tweeters, driven by Einstein The Turntable's Choice phono preamp ($9,800), Einstein The Tube Mk.2 balanced line stage ($18,400), and a pair of Einstein The Final Cut tubed OTL monoblocks ($34,900/pair), connected with Stage III interconnects, speaker cables, and AC power cords, produced a seamless soundstage and a smoothly coherent tonal picture. With the LP of Rickie Lee Jones singing "Chuck E's in Love," played on a Galibier Stevio turntable ($15,000) fitted with a Triplanar Mk.VII tonearm and a Dynavector XV1s phono cartridge ($5250), the sound was one of the best I heard at Axpona. I have asked Aaudio Imports' Brian Ackerman for review samples of the Acapella speakers.

At the other end of the large room shared by Definitive Electronics and Michael Chafee Enterprises from the Genelec-based surround system that Jason <A HREF="http://blog.stereophile.com/axpona2010/chafee_surround/">blogged about</A>, renowned mastering engineer Bob Katz was playing 24-bit/96kHz files handpicked from his portfolio. Speakers were the superb Revel Ultima Salon2s driven by a solid-state Balanced Audio Technology power amp, hooked up with Nordost cabling.

Speaker designer Bill Roberts talks so fast, I could only write down every third word as he explained the design principles behind the Advanced Transduction Directorate loudspeaker. A four-piece, three-way system with an outboard crossover and line-loaded woofers, the 600lb Directorate has a very high claimed sensitivity of 96dB/W/m and bass extension of &#150;3dB at 14Hz. Price is $30,000/system in light-oak veneer, or $25,000/system unfinished, as shown in the photo. With left and right speakers each driven by a 125Wpc Power Modules Belles 150A Reference stereo power amplifier ($2300), and a front end of CD files played with Sony Sound Forge running on a PC sent as digital audio to a Belles DAC and the new tubed Belles 22A preamplifier ($2500), the sound, even in an acoustically challenged room, had superb balance, dynamics, and transparency.

In <a href="http://blog.stereophile.com/stephenmejias/now_on_newsstands_stereophile… March 2010 issue</a>, Steve Guttenberg offered an excellent As We See It, detailing his newly rekindled relationship with vinyl playback. Over at CNET, Steve is known as <a href="http://news.cnet.com/audiophiliac/">the Audiophiliac</a>, discussing a wide range of news, events, and ideas, all in the worlds of music and hi-fi. Now the Audiophiliac and his colleagues at the 404 Podcast present the Audiophillie Awards: They’re asking recording engineers and hobbyists of all levels to submit their best work, with the chance to win some fun prizes.

"Reference Audio on a Budget" was the tagline for the exhibit from Darren and Bonnie Censullo's Avatar Acoustics of Fayetteville, GA. Most important, the room featured two world premieres. First was a product you're sure to hear more about, the Axis Voicebox S loudspeaker ($3000/pair). A 5 ohm, 83dB sensitive model with a frequency response of 45Hz–20kHz ±3dB, this little baby was paired with Abbingdon Music Research's AMR AM 777 60Wpc hybrid integrated amplifier ($4500), AMR CD-777 player ($4500), Dr. Feickert Analogue Woodpecker turntable ($4995) with DFA 10.5 tonearm ($1000), AMR PH-77 phono preamp ($11,995, and soon to be reviewed by Michael Fremer)), and DFA premium tonearm cable ($600). Throw in $11,265 worth of cabling and power distribution from Acoustic System International and Avatar Acoustics, including the world premier of the Avatar Acoustics Mach 4 Power Distributor ($1800 with power cable), and $10,240 worth of Acoustic System International Resonators, and your hypothetical budget would top $50,000.

In the aptly titled Navigator Room, Fernando Cruze of cruzeFIRST Audio of Miami had quite a stunning display of gear imported by Chris Sommovigo of Atlanta. At its head was the fabled Continuum Audio Labs Caliburn LP system ($150,000), equipped with a Lyra Titian I cartridge ($5800) and Chris' own tonearm cable. Sending its signal via the two-chassis Audio Premier Quattro preamp ($15,000) and Belles SA-500 stereo amplifier ($9000) to the Lansche 4.1 loudspeakers ($55,595/pair) with their plasma tweeter, 25Hz&#1510;150kHz capability and extreme 99dB sensitivity, the system also benefited from two Tri-Point power conditioners, the Troy ($12,000) and Spartan ($35,000) and a full complement of Stereolab cables (loudspeaker, $3750/2.5m, interconnect, $3500/1m). If you can say that all in one breath, and pay for it without blinking your eyes, more power to you.

I was familiar with the $4000/pair Penaudio Charisma speakers in the May Audio room, but the well-finished and equally well-sounding electronics driving them were from an English company I had never heard of, Chapter Electronics. Making its US debut at Axpona, Chapter, I was told, features designs from Duncan Shrimpton, an engineer who used to work for Chord. The Sonnet S CD player ($9000) is a top-loading design with a volume control to allow direct connection to an amplifier and both S/PDIF and USB inputs for streaming audio from other sources. The matching Pr&#233;cis 250S integrated amplifier ($11,995) offers 250Wpc into 8 ohms from a class-D output stage. The illuminated knobs on both products can be dimmed or even have their colors changed.