I cannot say the Cambridge is better than the Audio Refinement Complete. As I only heard that player for a very short time. My impression of that player was different than most people who talk about the Audio Refinement. They usually say it is simply YBA, rebadged in a cheaper body, with lower cost manufacturing, etc. They then pass the savings along to you. I think there are more major differences in the equipment; possibly particularly in the power supply/capacitors(where YBA really goes all out, in my opinion the reason for their usual smoothness and body). I hear the sound as threadbare compared to YBA. Positives are its detail and refinement. I think the sound is more along the lines of MF(agreeing wholeheartedly with Sean's summation of their player). The Musical Fidelity was the player I really had my eyes set on. The cosmetics are gorgeous, but I always make sound my first priority. The Cambridge does not possess as weighty a sound as I crave, but it is much superior to Linn and MF in these areas. And Kitch29 is correct in how wonderful it is in terms of refinement, detail, presentation, and truth of timbre. To be frank, the Cambridge D500 SE came as kind of a shock to me. It really opened my eyes. I figured I had to spend MUCH more to get sound on this level. My dealer told me on the phone, he absolutely raved about this player. Said it was a breakthrough, to players what Rogue(which he also carries) is to amplifiers. I was unconvinced(to say the least). I told him I didn't think there was any way I could pick this over the $950 Rega Planet 2000 or the $1700 Linn Genki. He asked me to trust him(famous last words), and come in with an open mind and open ears. Said it may not be better or worse than the Linn, but different. It plays on its field. Anyone who bypasses at least auditioning the Cambridge is a fool in his opinion. I admit, he was right. This player is THE sleeper of today. *** $450?!?! *** Please do not misconstrue, I am sure the MF will be the player many find incomparable. Just didn't mesh as well with my tastes as I really hoped for(always dangerous to judge components with your eyes rather than ears). It seemed like such a good player on paper(and in pictures/reviews). I really believe there has been a significant change in the sound of Musical Fidelity gear over the past year or two. Where they once sounded rich, full bodied, and tubelike, their new(er) equipment comes across to me as much more neutral, fast, crystalline, detailed, and lightweight. Not saying one is better than the other, just that the new stuff is different. I don't usually see companies make that type of change. Seems very unusual to me. I will never knock NAD gear, as I am a huge fan. I try to recommend all of my non-audiophile friends to it. People who love music, want good sound, but would never spend the kind of money we do on this hobby. For not much more money than the junk, you can get amazingly good sound. I also have fond rememberances of Parasound gear. Just haven't gotten near it in a while.