I recently put the Lightspeed up against three active preamps ranging in cost from $2400 to $9000. These are my notes from the comparison with the best of the three preamps.
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Preamp Shootout performed 5/14/2012
SYSTEM
custom modified Music Hall cd25.2 transport > Audio Aero DAC > (preamp or LSA) > Atma-Sphere M-60 Mk3.1 OTL amps > Merlin VSM MXe w/Master upgrade
[1] Active costing ~20X the LSA
Sounds more natural than the other active preamps, possibly somewhat less expansive / dimensional sound stage. Broad midrange presence, dynamics, and tonal texture are very good. Somewhat subdued at the frequency extremes? Bass goes deep and sounds full but something's not quite right down way there, it sounds a little overly warm and compressed. Full-bodied without sounding lush like the LA-150. Drums have the decent transients and tonal balance. Very musical overall - honest, smooth and well balanced. Tends slightly toward polite and pleasant. Perhaps not the very last word in resolution and imaging but absolutely will not offend the ear.
[2] Lightspeed Attenuator
Consistent with careful research, the LSA seems to be a very good match for my system. Sounds way more natural than active preamp. The imaging is back, the bass is tight and clean, the midrange is pure, textured, and expansive, and the highs are crystal clear and never harsh. There is no background noise, no coloration. Seems to have all of the detail and dynamics, doesn't sound lean (at least at moderate to higher volumes). Tends to sound a little better the less it does (less attenuation = turned up = less effect on the signal).
CONCLUSION
I've sold my active preamp. The LSA has earned its place in my system. I may go for a dual unit to regain control over the balance but it seems about right in my system.
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Preamp Shootout performed 5/14/2012
SYSTEM
custom modified Music Hall cd25.2 transport > Audio Aero DAC > (preamp or LSA) > Atma-Sphere M-60 Mk3.1 OTL amps > Merlin VSM MXe w/Master upgrade
[1] Active costing ~20X the LSA
Sounds more natural than the other active preamps, possibly somewhat less expansive / dimensional sound stage. Broad midrange presence, dynamics, and tonal texture are very good. Somewhat subdued at the frequency extremes? Bass goes deep and sounds full but something's not quite right down way there, it sounds a little overly warm and compressed. Full-bodied without sounding lush like the LA-150. Drums have the decent transients and tonal balance. Very musical overall - honest, smooth and well balanced. Tends slightly toward polite and pleasant. Perhaps not the very last word in resolution and imaging but absolutely will not offend the ear.
[2] Lightspeed Attenuator
Consistent with careful research, the LSA seems to be a very good match for my system. Sounds way more natural than active preamp. The imaging is back, the bass is tight and clean, the midrange is pure, textured, and expansive, and the highs are crystal clear and never harsh. There is no background noise, no coloration. Seems to have all of the detail and dynamics, doesn't sound lean (at least at moderate to higher volumes). Tends to sound a little better the less it does (less attenuation = turned up = less effect on the signal).
CONCLUSION
I've sold my active preamp. The LSA has earned its place in my system. I may go for a dual unit to regain control over the balance but it seems about right in my system.