Queefee,
I agree with most of what you wrote, although I do think there can be separation between editorial and advertising interests. I became interested in "HIFI" in the mono days of the early 1950s, and have listened to lots of systems since. I confess to having been one of those kids who haunted the HIFI shops between Santa Monica and Beverly Hills. I've built a number of mostly bad speaker cabinets and poorly assembled amp kits in my day. As a grad student, I had lots of experience with Mac MC 60s and Altec VOT speakers, both in the lab and with those I took home for a while.
I've pretty much used a cost/benefit approach to buying audio gear. My original Proceed PAV and Amp 2 purchase replaced a Marantz 18 receiver I bought as a post-doc. I auditioned the Proceed stuff carefully at a high-end shop in Palo Alto. Had cost and size limitations been no object, of course I would have bought the bigger than a breadbox Levinson amp along with the 3-panel maggies. But cost and size were considerations and the PAV, Amp 2, and KEF Reference 102.2 combination sounded very good to me. I did listen to a Krell amp and Martin Logans, and didn't like what I heard.
(The original PAV, Amp 2, and 102.2s are in a secondary system; the Marantz receiver, AR3a speakers, and AR turntable are in a closet.)
So when a PAV/PDSD pre/pro came up on Audiogon, I bought it. Same with KEF Reference 104.2s. I bought a Velodyne HGS-15 as a demo from our local high-end dealer, and the HGS-10 and SMS-1 through Audiogon. Bottom line: I have put together what to me are two very nice systems for little money.
Of course, I'd prefer to try any proposed new purchase in my setup, but that just isn't practical. So I read reviews and posts at several web sites. For example, I'm pretty convinced I'd like the sounds of a Cary Cinema 11a, but the long series of posts at AVS from 11a owners about how buggy they are has scared me away -- nearly everyone raves about the sound when they do work.
I also agree that preamps are at a very stable point of development compared to processors, and that if I were going to buy that is the place to put the money. But knowing my predilections, I'm more likely to do nothing, and just continue to enjoy what I have.
db
PS: By the time I did have the space and money to buy the bigger-than-a-breadbox Levinson amp and 3-panel maggies, my head was in Ferrari land.