What I'm really wondering now is who would buy a T-7 when the T-8 is cheaper and better? 
Very valid question regarding the T7 and T8.
Here are a couple of clarifications:
The new T8 is a better performer than the older T7 series of preamps. The T8 adds more detail and depth without adding any harshness. The line section and phono section are 100% tube, with no solid state devices (unlike the T5 that had solid state components in the phone section). The power supply in the T8 also uses an active regulator circuit that was not in either the T5 or T6. Note that the phono section in this preamp is pretty amazing!
The T7R series is also being replaced with (a yet to be named as far as I know) preamp that has some significant audio circuit changes along with changes in the power supply. The new preamp is due out shortly in a new redesigned chassis. The new preamp takes the patented Fet-Valve circuit and greatly enhances it, both in the line stage and the phono stage. During our prototype sessions we were all blown away with the sound from the "first" prototype. What we finally ended up with in a production unit is much better yet. When I compare it to the Fet-Valve preamp design I originally purchased in 1997, it's night and day different.
We pretty much finished up the electronics back in late April, and started on the chassis rework. Knowing that the new preamp was a big improvement over the T7R we didn't want to continue sending out the T7R models, but because of the lead time in getting sheet metal and face plates we (Frank) decided to incorporate the new circuit changes in the existing T7R product line that is still in the existing SL and EC chassis; therefore, all of the T7 preamps that have shipped since May 1, 2005 have had the new circuit designs incorporated into the preamp at no additional charge.
So those that purchased the T7SLR and T7ECR actually got a FANTASTIC deal on the new preamp. The new preamp will be higher priced when it is "officially" released in the new chassis. So for now, if you order a T7SLR or a T7ECR you will get the new preamp design in the existing SL or EC chassis at the existing T7 price!!
So in summary, while the T8 outperforms the T7R series, we are talking about the T7R preamps prior to May 1. The newer preamps that yet to have an official name are a CONSIDERABLE jump the old T7 and naturally all of the other Transcendence models. It's been a busy spring!!!
Let me know if you have questions...
Thanks
Larry