Kevin,
I have 2 "stock" Alphas and just last week purchased an upgraded Alpha on Audiogon. I did what CKOFFEND suggested above and bought an upgraded version to compare. After listening for a week I have to say that there is a difference but not a $500 difference. If you invest in good tubes you will get more bang for your buck (IMHO). I used the Mullard CV4004s that came with my new DAC in my original Alpha and was floored (approx. $180 at Upscale Audio). I use Telefunkens and Mazdas in my other 2 DACs and am very happy with the results. These DACs respond well to NOS tubes and I highly recommend tube rolling before dropping $500 + shipping. I am very happy with both versions and can't believe the bang for the buck they offer.
I have 2 "stock" Alphas and just last week purchased an upgraded Alpha on Audiogon. I did what CKOFFEND suggested above and bought an upgraded version to compare. After listening for a week I have to say that there is a difference but not a $500 difference. If you invest in good tubes you will get more bang for your buck (IMHO). I used the Mullard CV4004s that came with my new DAC in my original Alpha and was floored (approx. $180 at Upscale Audio). I use Telefunkens and Mazdas in my other 2 DACs and am very happy with the results. These DACs respond well to NOS tubes and I highly recommend tube rolling before dropping $500 + shipping. I am very happy with both versions and can't believe the bang for the buck they offer.