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Ooooooooo, is there a Rega P1 review in the works?! I'm excited. I like to drool over the expensive stuff, but budget gear is where it's at. Focusing on affordable equipment can do nothing but strengthen our hobby. I think Jim's post is excellent and I'd put in a couple choices if I wasn't one of the people asking for recommendations! I love that there are experienced people out there who really enjoy helping newbies get started. I must agree with Art that $10,000 is too high a figure for a beginner system. It doesn't take any finesse to recommend a good system in the five-figure range, but giving someone great sound for $1200 is an art.