Lots of folks are thrilled with their iPhone/earbud audio. Long as your system floats YOUR boat, what's there for me to think about?
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I like to try 'giant killers' in my system. I never had the financial means to afford pricey equipment, so I gravitate to smaller, lower priced manufacturers- though the internet now allow me greater access, thanks Audiogon.
I agree with mofimadness, if it sounds good, it is good. ( A Duke Ellington quote). Though there may be some compromises, I never feel dissapointed just because I don't have the most expensive component.
Maybe it is because I followed that route when I was younger. Hindsight, and time taught me that the quest for perfection was foolish.
As long as the power supply is well designed (usually the most expensive part of any component where cost constraints make a typical impact) then there is no reason why it shouldn't provide satisfaction. In my experience it is the PS that is usually the limiting factor in so-called inexpensive electronics.
Years ago we were looking for a freezer and one of my friend's coworker found her husband was fooling around with another woman, so he threw him out and started the process of divorcing him. He said to sell his stuff and send him a check...hence we got a new freezer for $10!
Some times people are willing to take lower amounts for their stuff, based on their circumstances, not on the "intrinsic" value of that stuff.