The Placette has arrived. I don't and won't rush to judgement - I plan to A/B with the CAT for 2-3 weeks. I can say that it is certainly competitive, and on first blush I think it might be better. I do not notice any diminishment in bass or dynamics which I was looking for. It is quiet. The music seems to be very clear and localized - that is I hear clear delineation between the location and source of a sound. Microdymamics are fantastic, instrumental or vocal inflections (what I think expresses emotion)is superb. I impressed that at this point I can't say the CAT is better, a pretty good sign for a $1000 unit - true, there is no switching facilities and can't drive long, high capacitance cables - but you know, you could defintely live with this thing in a high end, single source system. To say the least I am impressed. I would certainly recommend that this piece be auditioned and compared with top of the line active preamps (the CAT has to be one of the better ones). It is making me awfully interested in hearing Placette's no-gain active - I think Placette's desinger is on to something, and it might be that Vishay-based volume control . Well, I'm going to listen to this for a while, but darn it sure has made a good first impression.