Never heard any of their stuff, since it's practically unknown in the U.S. However, rumor is that their products are excellent.
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I have the ART II CDP and it is awesome. The units are not well known in the US but have been taking the UK by storm since firming their distribution with Wilson Benesch (speaker manufacturers from Sheffield). Audionet is Germany's Krell. on the continent it is mentioned in the same breath as Wadia, Accuphase etc. It has recently also provided the in-car hifi foir the 7 series BMW and new Rolls Royce.