Thank you for the replies thus far.
@Vcoheda:
Yes, I have done this myself on several occasions and it makes for a very expensive learning experience.
@Happy Camper:
However, to affix an arbitrary monetary range to consistent performance is erroneous in my humble opinion because there are still those handful of components that sound great, but they are relatively inexpensive compared to top of the line designer brands.
@Ridleyguy:
Your points are well taken along with the implicit caveat emptor regarding the steep learning curve to figure out the handful of truly great performers versus the merely good ones at whatever price ranges such components occupy.
I characterize myself as falling into the middle of the road in terms of approaching our hobby. I eagerly search for components that while they may very well be above and beyond the reach of most each one is not the most expensive in its class, but the features and performance are peerless in their respective categories. Sure, there are a good number of specialist high end audio manufacturers that produce components that will outperform any single component in my reference system today. Sure, they are priced outside my spending limitations, but I do know how to earn a dollar and save for very nice luxuries in my life. But, that is just my humble opinion.
Getting back on topic, I am beginning to evolve into a mode of thinking that price has a somewhat moderate level of relationship with features and sound (or video) performance. My new job at Audio Connection allows me to sample some of the finest audio components by top brand names in our hobby. Without divulging too much and still respecting the terms of service here, I can write that taking this job has been an ear opener for me as I too used to believe that performance and price were a synergistic pair. Now, I realize that is not too often the case.
For me, I am very happy with my reference system, but I am realistic in knowing myself to work and save up for my next upgrades. They include the Audio Technica AT-HA5000 headphone amplifier from
www.PriceJapan.Com, the DNM Reson DIN-RCA from
www.austinhifi.com, and an external 2 terabyte RAID 1 hard drive system from
www.newegg.com . It will cost me an additional $1,750 - $2,000 USD, but I expect to be happier with the values I get which goes beyond the notion of price for me.
Anyway, I thank you all for contributing and let us keep an open mind on this topic.