Agreed...and dare we say that not all ears are created equal?
This is the one I have to agree with most as well as personal preference....
I know that if you put ten people in a room, chances are they will all have a particular hotspot.
One likes midrange warmth and magic, another bass slam and dynamics, another imaging...
You get the point.
I think I'd still spend a few thousand bucks (maybe less depending on your room) on some good room treatments first. With a good room to start with, you might find you can even live with less hifi....
I've had such great luck with the GIK products, that I can't imagine not having that stuff in my room.
Three sets of tri-traps, about a dozen 242 panels, a little extra carpeting (and a little bit of Sonex I had lying around) has transformed my system in a way that nothing else for the money even comes close.
I guess for me what's evolved over listening to so many components over the last 30 years is
I'm looking for a sound that's as detailed (revealing the most information from the recording) I can
get without being harsh and the most musical I can get (offering up the best tonality and accuracy in regards to the way an acoustic instrument really sounds) with out getting overly warm and gooey sounding.
That being said if I had to choose, I'd still take a Stereo 70 and a pair of British minimonitors over a number of other things, choosing to err on the romantic.
I pretty much see all of the components as equal. I've had plenty of opportunity to use fantastic sources with average speakers, or average electronics with great speakers, and all of the other variations, but in the end, something doesn't make it through to the listening chair.
I'm a big fan of system synergy, not making one component way better than the other, unless say you are shopping for a 3000 dollar CD player and you just happen to get a killer deal on a friends 10 thousand dollar player for 4000 bucks. At that point, you are poised for the next upgrade....
But having had the opportunity to set it up in many variations, I still come away with equal emphasis on it all. Great sources can't reveal all they are capable without great electronics and great speakers (your favorite flavor here, of course). And you still miss a lot of it without careful attention to room acoustics and setup, which does not have to be terribly expensive.
The other thing I would put a high emphasis on, especially if you are an LP lover is great software. This will be the ultimate ceiling of what your system will be able to reveal as well. The higher up the food chain you go, the more you will be limited by your records. Having listened to the Continuum now for a couple of months, without great records, it's really no big deal, but with great records (and clean ones...)
it really comes alive!
Just a little food for thought!