Todd - I mis-spoke to a degree. Much of the best modern equipment is phase coherent, but there is plenty of gear that employs global feedback, steep filters, etc. which introduce phase anomalies at super-sonic frequencies, which are known by some to be audible. Also cable can introduce such anomalies. Big discussion with contentious disagreement. So, I retract my global statement. Note that much modern state of the art gear is paying attention up to perhaps 200kHz. Reading the performance of square waves, impulses and step responses tells the story. Beware when a review makes excuses that include "beyond human hearing". To match the ABrain's discernment in the time domain (a couple milliseconds), you need a couple hundred kHz in the frequency domain. So, old-fashioned brick wall CD upper limit 22kHz filtering will introduce phase distortion that is audible. The gear that you guys consistently choose is generally very good in its phase performance.