I'm considering this also. I like the sound of the Mk ll and have been reluctant to pull the trigger for fear I'll lose "something" and not like the SE as much as the Mk ll!!!
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They are quite similar, unlike the differences between MKI and MKII, I think the bulk of the differences is considerably upgraded capacitors. They are cut from the same cloth so I don't think you will feel you have lost anything. The most noticeable improvement is in improved performance in the bass. Is it it better? I think so, but the MKII is no chopped liver either.