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I think this is what is pulling people back into analog sources, especially records. There is a lot of fiddling around required to get good results, and you feel like the result depends on your efforts, because it does! When you hear a nice quiet record played on a nice system that you put together with pieces and parts from all over, there is a different kind of satisfaction and it is a different kind of experience.
With digital sources, it is so hard to get it wrong, that assuming you aren't dealing with huge spaces or weird conditions, whatever you buy is likely good enough. Competence has become quite cheap and nearly ubiquitous in the solid state world.
Cheap competence isn't romantic. If the thrill is in the pursuit, there isn't much thrill.
Very well put!
I've had a Benchmark DAC 1 in my system "forever." In the audiophile-world sense, it doesn't give me anything to do. It just sits there working perfectly. A number of years ago I got the "itch" and was also thinking of slightly re-arranging my sources and bought the newer Benchmark DAC 2L. But it never ended up in my system because...well...the DAC1 works just fine. Transparently. Which is all I ask of a DAC.
Digital audio to me is a commodity, a mature technology and in that sense "boring." There is, for me, no interest in discussions of what sonic improvements are brought in new DACs because they hit the diminishing returns so hard quite a while ago. The more interesting things happening in digital are signal manipulation - e.g. room correction. (And as I work in digital sound, I use tons of plug-ins to manipulate sound...anything new in those areas are of interest).
All that said as for the death of the "Hobby" aspects due to the commoditization of digital and solid state technology: I don't quite think so.
Audiophiles will always find ways of expressing their desire to tweak. All you have to do is peek at any number of sites devoted to audiophiles discussing digital technology, e.g. computer audiophile, and it's an endless panorama of tweaking...because as ever people can imagine hearing differences. So saying "The maturity of hi fi gear technology is the death knell for hobbyist tweaking" is similarity wrong to "The advances in scientific medicine is the death knell for alternative medicine." For many reasons people continue to be attracted to the alternative methodologies, hence they won't necessarily share the same conclusions. (To be clear: I do not grant alternative medicine legitimacy, just as I don't grant a purely subjective audiophile paradigm legitimacy).
Also: there's the other issue that, even if people are on the same page about the facts at hand (e.g. how X or Y product performs in terms of distortion/accuracy) not everyone has the goal of commodity-level accuracy, so there will remain a marketplace/hobby for those who like to tweak (just as there are still those who like old cars etc).