Ah! The last laugh is on me. I got the PS Audio Perfect Wave SACD transport today and upon installation I discovered that it could only play CDs and not SACDs. I could not activate the SACD layer. The technician of the distributor tried and he could not do so either. I am so very and utterly disappointed in PS Audio.
Within 4 hours of installation, the SACD transport is on its way back to the dealer. I have of course asked for a replacement. Not sure whether PS Audio will agree. Not sure whether I will get my money back if PS Audio disagrees. Buyer beware indeed. I have a strong suspicion that I will be heading to the Consumer Claims Tribunal in the near term.
With this development and the continuing issues with the PS Audio DAC MKII (read the posts on the PSA forum), I think that I am going to throw in the towel as far as PS Audio goes.