Horse,
I owned the 861 for a few months before eventually swapping out for a modWright SACD-1000. I was fortunate enough to be able to A/B in my system for a while, this was back when I was using the eAR to power a pair of CLS IIz.
The cost for the trade-in of the 861 was roughly equal to the price of a used SACD-1000 + full set of mods. I definitely miss the fit, finish, and aluminum remote of the Wadia...but the musical presentation of the SACD-1000 is more satisfying to my ears.. The ultra-detail of the Wadia left too much space between the notes - the flow of the music just didn't sound right if that makes sense. Also, the depth of the soundstage was much harder to make out with the Wadia (had to really concentrate), where as with the Philips I felt as though it was very noticable and allowed my mind to follow other aspects of the recording - YMMV, of course. If you want to swing by and borrow the SACD-1000, it just returned from Dan Wright's capable hands for a few more upgrades.
That being said, I respect Steve Huntley very much, and had the opportunity to listen to one of his older 860's with a Statement level mod. I preferred it to the stock 861 by no small margin...so if he can improve the 861 by similar levels, I'm sure you won't be disappointed.
Regards,
Rupesh