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The Parasound Halo JC-1 BP is phenominal. You can buy a JC-1 used one on Audiogon for $2,200-$2,400 range and then send it to Parasound and for $500 they will upgrade it to the the brand new Home Theater Bypass model which retails at $4,500. I just upgraded a JC-1 to a JC-1 BP and the net result is phenominal. Stereophile just did a review on the new JC-1 BP and concluded it is as phenominal in two channel as it is in HT bypass mode. I agree with Stereophile- I have heard no other bypass preamp that can do that.