Somewhat but I am not an electrical expert. Basically, it is a M1 preamplifier (either line or phono) and the P2SE amplifier. For a person on a budget it is hard to go wrong with one of these for 1200 used. It is a very quiet amplifier with excellent power and wonderful bass from its pentode powered 17 watts. Tubes are not very expensive, either, and there is plenty of room to work inside the chassis. Upgrades are straightforward and easy for an experienced Audio Note service person. Contact Nick at Truesound or Peter Q at Audio Note UK for more information. You would desire a newer model with the later tube spec but for the right price and condition and earlier model is good, too. Remember, though, that the older ones are getting on ten years old and you must assume some service will be required for an older model. Things like replacing output coupling caps and tubes; few hundred bucks probably. That is a good time to upgrade the speaker binding posts to silver posts.