Although I've been a happy owner of an Ayre Acoustics CX-7eMP CD player for five years, I decided last fall that it was time to upgrade my CD playback. My choice was a PS Audio combination of DirectStream DAC ($5999) and DirectWave Transport. What I found particularly appealing about the DirectStream (DS) was that its data processing is performed by field-programmable gate arrays (FPGAs) rather than by a dedicated chip, and can be upgraded with downloadable firmware that's free to all DS owners.
When I got the DS last fall, it had…