Last night I delivered my Naim CD5i to it's new owner, a very nice chap called Rob from the PF Forums. Whilst there, I couldn't help but take advantage of the offer to have a listen to his system. Clearly a massive enthusiast with masses of LPs and CDs he also had a couple of record decks, a whole bunch of what appeared to be 70s amps, and in his main system a Mitchell Gyro, home build WAD valve amp and phono stage with a pair of massive Impulse horn loaded speakers. The only speakers I've come across (excluding those mad behemoth JM Focal labs things) that get close are WMs new Meadowlarks and Julians IPLs. As for the sound, I have to say I was very impressed, although there were clear good and not quite so good points. - The system was clearly led by the speakers, which had MASSIVE dynamics, and "thwack" that makes WMs kit sound a little soft around the edges. In addition, timing and coherance across the full range of frequencies was spot on. - I rather liked the positioning of musicians in the mix. With my own NOS/Naim/Linn combo, it's like having a seat in a smoky bar next to the stage. The Impulse combo gave you a table 6-8m from the stage making it a little easier to take things all in. - The Mitchell sounded more like a CD player than most CD players. I wasn't quite sure about whether I liked that or not. I guess the good thing is that if you setup your system to be synergistic with LP, it should work fine with CD too, unlike some LP12 optimised systems I've heard. The bad news is that I kind of expect LP to sound different, more romantic and so forth. Makes me wonder why bother with the hassle of LP if you don't get something extra. - Overall I felt the sound with both CD and LP was rather dry, almost as though some of the tonal colouration had been leeched from instruments. Imagine Ella Fitzgerald hit by anorexia and you might get the gist of what I'm saying. Linked to that was a distinct lack of depth to any bass. Despite being huge, the horns had extension of smaller stand mounts. So yes, I was certainly impressed, it was a very enjoyable system and I think that once you'd adjusted to the more dry balance, virtually nothing else would get close. For me, it was nice to have a more rounded presentation when I got home.