Spirit, the crown jewel of my system is a pair of Shahinian Diapason speakers. Well, they're not quite Diapasons. They're actually a cross between the Hawks and Diapasons. I use the Hawk modules over the Double Eagle subwoofers (take a look at the Shahinian website if you are unfamiliar with these speakers). As per my last post, one of my good fortunes over the years in this pursuit has been in meeting many of the great names in the high end. I met Dick Shahinian in the early 80s and we have become good friends. After living with and listening to a lot of speakers it became clear to me that Dick is among the small group of speaker designers that knows how to make music. Like Frank he's been around forever, and like Frank his stuff is pretty much better than just about everything else out there - even for many times more than the asking price (IMO, of course).
It turns out that I preferred the sound of the Hawk module / Double Eagle combination over the stock Diapason design, so that's what I listen to.
The FetValve is being fed by a Pass X1 preamp. Absolutely transparent without being edgy or zingy. My only complaint with the X1 is that I wish it had the same volume control as on the X0.2 (finer steps in between each click position). But the X0.2 is out of my price league.
Sources are either a Proceed PDT3 transport or a Squeezebox 3 feeding an EAD DSP7000 Mk.III D/A. You may be getting the sense at this point that I don't switch things out arbitrarily! The only transports I've heard over the years that I think are better than the PDT3, again, cost way more money. Both the SB3 and the DSP7000 have been modified - the SB3 by Bolder and the EAD by Boelen. Heard a bunch of the newer D/As: I'll keep my EAD.
Also have an AR ES-1.... modded

with a lot of the upgrades offerred by Merrill back in the day. That is maybe the one piece that I would consider replacing, maybe with a VPI Scoutmaster if I could swing it.
Interconnects center primarily around Acoustic Zen Silver Ref II and PAD Venustas. Cables are still good old Kimber 8TC, although I'd love to trip across a set of BiFocal XLs!
What does the FetValve do sonically??? Well, take a look at this post
http://www.audiocircle.com/index.php?topic=25432.msg225719#msg225719I'm not sure I could add much to my original observations.