I'm late to the party here but hold onto that GFP-565, it is a great phono pre-amp! I've been using my 565 as a phono pre-amp for the last 17 yrs or so. I recently bought one of the highly reviewed ifi iphono2 phono pre-amps thinking it would be an upgrade. It was not! In comparison to the 565, the iphono2 sounds, thin, threadbare, weak, distant, and borderline bright. I'm sending it back to Amazon, where i bought it for $500. The 565 rocks as a phono preamp. Works great with any high output MC cartridge. If anyone doubts how great the 565 is (and I'm speaking of the phono section--the line section is not as good), you can get one on ebay for less than $300 and see for yourself. Just be prepared to have your socks blown off.