I have heard or read about a stereophile article from the 70's that described a blind test, where no one could (to any statistically valid degree) pick out the finest electronics from "a consumer grade pioneer receiver". I haven't read the article myself, but its intriguing. I'd also like to think that I could pick out the difference in a blind test....
That said, there's clearly no doubt in the vast differences in speaker quality. My vote's for speakers being the most significant contribution to your overall sound "output".
That said, there's clearly no doubt in the vast differences in speaker quality. My vote's for speakers being the most significant contribution to your overall sound "output".