(The purpose of this post is to open discussion on equipment that "punches" way above it's price class. To be eligible it has to be in current production or being able to buy new.)

Source:

-Digital:

Oppo DV-980H universal disc player. $170 Stereophile review

Apple iTunes music software $Free cnet review

Apple Airport Express wireless (TOSLINK) source $100 Stereophile review

MSB Link DAC III digital-analog converter $380 Stereophile review

-Analog:

Rega P1 turntable/cartridge. $400 Stereophile review

Shure M97xE cartridge. $100 The Absolute Sound review

NAD PP-2 phonostage $130

Parasound Zphono phonostage $200 The Absolute Sound review

Bellari VP130 tube phonostage & headphone amp $250 The Absolute Sound review

Interconnect:

Kimber Hero interconnect $160+

Intergrated Amplifier:

NAD C325BEE integrated amplifier $300 The Absolute Sound review

Cambridge Audio Azur 540A intergrated amplifier $300 The Absolute Sound review

Speaker Cable:

Anti-cable speaker cable $60+ The Absolute Sound review

Speakers:

PSB Alpha B1 bookshelf speakers $280 Stereophile review

Paradigm Atom Monitor bookshelf speakers $300 Stereophile review

Epos ELS 3 bookshelf speakers $400 Stereophile review

Usher S-520 bookshelf speakers $480 Stereophile review

Headphones:

Grado SR 60 $70 Stereophile review

So what are your contenders?

Two "system" ideas:

Rega P1, Kimber Hero, Bellari VP130, Grado SR 60 $880

Oppo DV-980H, Kimber Hero, NAD C325BEE, Anti-Cable, PSB Alpha B1 $970

-Todd Giencke