Audio Research's long-promised "final statement" phono preamplifier has finally arrived, and its price is $3500 less than the originally rumored $10,000. That's a pleasant deviation from the audiophile norm, but at $6495, the Reference phono still boasts a steep ticket. That's more than twice the price of the $2495 PH3 SE, AR's previous best—a class sonic act itself.

Audio Research's long-promised "final statement" phono preamplifier has finally arrived, and its price is $3500 less than the originally rumored $10,000. That's a pleasant deviation from the audiophile norm, but at $6495, the Reference phono still boasts a steep ticket. That's more than twice the price of the $2495 PH3 SE, AR's previous best—a class sonic act itself.

The VTM200 is the first Audio Research power amplifier I've reviewed. It took me 13 years, and ultimately I'm glad I'd put that much mileage on my reviewing odometer before tackling what turned out to be a most difficult assignment.

The VTM200 is the first Audio Research power amplifier I've reviewed. It took me 13 years, and ultimately I'm glad I'd put that much mileage on my reviewing odometer before tackling what turned out to be a most difficult assignment.

The VTM200 is the first Audio Research power amplifier I've reviewed. It took me 13 years, and ultimately I'm glad I'd put that much mileage on my reviewing odometer before tackling what turned out to be a most difficult assignment.

The VTM200 is the first Audio Research power amplifier I've reviewed. It took me 13 years, and ultimately I'm glad I'd put that much mileage on my reviewing odometer before tackling what turned out to be a most difficult assignment.

The VTM200 is the first Audio Research power amplifier I've reviewed. It took me 13 years, and ultimately I'm glad I'd put that much mileage on my reviewing odometer before tackling what turned out to be a most difficult assignment.

<I>Note: These photos are a companion scrapbook to Wes Phillips' <A HREF="http://www.stereophile.com/images/newsletter/405stph.html">eNewsletter report</A>.</I>

<I>Note: These photos are a companion scrapbook to Wes Phillips' <A HREF="http://www.stereophile.com/images/newsletter/405stph.html">eNewsletter report</A>.</I>

Yamaha Electronics Corporation has introduced four new A/V digital home-theater receivers equipped with XM Satellite Radio capability (XM-Ready). The $649.95 RX-V757, $549.95 RX-V657, $449.95 RX-V557, and $349.95 RX-V457 will allow users to plug an XM Connect-and-Play home antenna into the Yamaha XM-Ready A/V receiver and activate the XM service to receive 150-plus digital radio channels&mdash;no other accessories or installation are required. Using XM's industry-leading chipset technology, as well as a new proprietary chip and signaling protocol, the XM Connect-and-Play home antenna is capable of receiving XM's satellite and terrestrial signals, in addition to performing channel tuning, decoding, and audio transmission functions.