I'm happy to see this thread resurrected, and even happier to see that for the most part folks have been able to agree to disagree.
Sure makes my role a lot easier!

As for alternative preamp designs, I've only heard it once, but the H-Cat preamp was in the system that produced of the most "live" home audio experience I've ever heard, and I mean by a *LOT*. Specifically, the chain consisted of a McCormack UDP-1 Universal Disc player, the
H-Cat P-12R Line Stage, a brand new Spectron Musician III Special Edition amplifier and the SP Technology Revelations.
I can't define the significance of the role the H-Cat played in the presentation that evening, but I can assure you it didn't hurt it. A few of us played around with the controls a bit while we waited for stragglers, and you could practically see the image moving forward as it became more and more defined. There was no doubt or disagreement when we arrived at the proper setting.
I didn't notice
any tonal variations while we manipulated the settings (a
huge positive IMHO), but the effect on imaging was undeniable. Further, the sound we all heard that evening left no doubt that the H-Cat is suitable for systems capable of
extremely high quality and detail.
An excellent component IMHO, definitely worth consideration if you can afford the $4k price of admission.
Having said all that, Ray, if you and/or others feel my post is inappropriate, let me know and I'll happily remove it. It seems appropriate enough to me given the content of recent posts, but I don't want to assist in taking this topic away from what you 'regulars' would prefer it be.
I should also note that I have absolutely nothing to gain by the success or failure of H-Cat. It's just been a long while since I was impressed by a preamp, and this one wowed me.