about 5 years worth invested here... everything is second generation high-end for me.

Musical Fidelity A3.2 CD Player
NAD C160 Preamp
Adcom GFA-5500 Power Amp
B&W CDM 1NT Loudspeakers w/stands
Nordost Magic Interconnects
Audiolink Red Dragon Bi-wire Speaker Cable
Mapleshade Clearview Power Strip

strengths:

no glaring weaknesses . does a nice job of imaging, soundstage can get nice and deep. bass is well controlled and refined. perfect for small apartment/neighbors.

weaknesses:

the room. the space is a little bare/harsh... more rugs and "stuff" will help quite a bit. i (attribute the occasional smeared detail to the room).

next upgrade:

not sure really. i know it won't be the player. everything else is fair game. (as i type, i'm leaning towards interconnects...)