Could Themadmilkman please explain what exactly he´s heard???
Simple. I find the Arc to be sublime, inviting, and a pleasure to listen to. I find the Wadia to be flat, uninvolving, and overpriced. But this is simply an opinion based on my listening preferences. I certainly have no concern for what anyone else likes or purchases. But in the test system (ARC Ref3 --> Theta Dreadnaught --> Vandersteen 5A) switching from the CD3 to the 861SE seemed to pull the life and passion out of the music. Was it a question of synergy, listening bias, etc.? Who knows, I can only comment on what I heard, and in my mind the CD3, at least in the system used, is superior.
I do admit, however, that Wadia makes some of the best looking gear in the industry. I wish that more companies would try and imitate that aspect.