The K-03 was an impressive single-box player that I enjoyed hearing more than the DV-50s and UX-1 Limited Edition that I owned several years ago. It's RBCD and SACD playback were very good, spacious and musical without being edgy or bright. It could have been the room or the use of the K-03's line attenuator volume control in place of another pre-amp however it did not give 100% of the space, articulation, musicality and sound stage I am used to having at home which definitely is an unfair comparison with the P3/D3/G0 separates together with the cabling and room I have. The K-03 was drastically better overall than the UX-1 Ltd that I referenced above and better than any other single box unit that I've heard. The fit, finish and build quality are typical Esoteric high-end perfection. Where the K-03 playback opened up and excelled dramatically in all categories is when the Esoteric team switched over to running the K-03 into the C-03 pre-amp. That was a world of difference and safely the combination I would focus on (or other great high-end pre-amp of your choice) and spend the cash for versus using the K-03 without a pre-amp. I have heard and read from people that have heard the K-03 as well as the K-01 that that K-01 exceeds the performance in in every category over the K-03 by a good margin and that if you can afford it new or used, that the K-01 is the unit of choice. They did say that the K-01's direct mode (no separate pre-amp) is very good however the best combination (for them) was the use of a high quality separate pre-amp.
Insofar as advising you as to whether you should focus on the K-series versus the P3/D3 series today,....to be honest, I think you have to hear them both. I can tell you that I am extremely happy after over 5 years with the separates and that I am not looking to swap them out in favor of one of the K units however all of that is a matter of personal preference (and possibly a stubborn nature :-) ). I think the only possible system progression that may await me someday is the new P-02/D-02 setup or matching 2 single D-01VUs or a single D-02 with my P-03U (advised by an Esoteric as a valid upgrade option).
I can get much more specific as to what I heard with track listings, impressions, etc...however I would prefer to do this on email or phone so please let me know if you would like to talk further.
Insofar as advising you as to whether you should focus on the K-series versus the P3/D3 series today,....to be honest, I think you have to hear them both. I can tell you that I am extremely happy after over 5 years with the separates and that I am not looking to swap them out in favor of one of the K units however all of that is a matter of personal preference (and possibly a stubborn nature :-) ). I think the only possible system progression that may await me someday is the new P-02/D-02 setup or matching 2 single D-01VUs or a single D-02 with my P-03U (advised by an Esoteric as a valid upgrade option).
I can get much more specific as to what I heard with track listings, impressions, etc...however I would prefer to do this on email or phone so please let me know if you would like to talk further.