The thing that I always find interesting about Rega stuff is how they manage to achieve high end sound with stuff that appears mid-fi from just looking at how it is constructed. For instance, this thing is full of crappy, PVC insulated wire and cable and a fuse holder that couldn't possibly be any cheaper. And of course they use their normal consumer stereo RCA jacks that aren't spaced far enough apart to easily take the large connectors on most high end IC's. True there are no opamps and there are plenty of film caps sprinkled about, but otherwise this could pass for something you would find in a Pioneer receiver.
Of course, the "best used with EL34 valves" text laid into the PCB is something you wouldn't expect to see in a Pioneer