In what sense does an iPhone crush compact cameras? The only reason compact camera's stopped selling is because an iPhone was good enough in most situations. Even if they would use the same sensor you still lack zoom lenses, a proper flash shoe and ergonomics. And let's not start talking about rx100's and such...The fact is that it was exactly the iPhone camera that has obliterated compact cameras despite being x10 the size. Nothing significant is left between iPhone and a good DSLR. So I’m rooting for a great AVR to emerge that will cancel the need for anything other than ultra premium separate components for the fringe of the fringe, hard-core, money-no-issue gear fans. And I see no intrinsic reason why such AVR should now cost $10K+.
It is fallacious to think that something cannot be done simply because it has not been done before. Think of the scene in Space Odyssey 2001 when Bowman pulls out HAL’s chunky components one by one. Can you imagine a supercomputer on just one spaceship take that much space now? There is no reason to believe that at their current massive sizes an AVR cannot be just a hair’s breadth away in terms of performance from the top class separate components.
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Besides you can already buy what you want in 2 parts. NAD master series pre en power....and the price is even pretty fair considering the parts used.