I heard the Steelhead at CES and while it was "nice" and didn't do anything "wrong", it didn't sound to me like a $7000 phono stage. it is hard to really judge any component in a show situation as setup and system context are so important; especially for a phono stage. but my 3 year old $5000 Aesthetix Io seems to have much better dynamics and "musical involvement"......again system context is very important. the steelhead seemed somewhat tame and closed in in comparison.
the front panel adjustments could be real handy if you change cartridges often, and the volume controls might eliminate a preamp in some systems; but it must deliver the sonic goods. i would recommend a home demo on ANY phono stage as analog setups are so varible.