I have found the PH10 to be very versatile as uberwaltz stated you may not need all the settings now but down the road it may come in handy and for $1300 I think it's a bargain.
There are many great phono stages for half price of the PH-10, if someone own the PH-10 it woule be nice to see 2-3 more great phono stages in the same price range "beaten" by PH-10. But even in the first review it is clearly stated that we don't have to expect bass slam from the PH-10 (for example). I think it's not good, but depends on the system.