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Originally Posted by tom hankins
They both use the exact same r-core transformers. The only difference being is the SCD-1 cases for them are resin sealed. This would be the only damping material that is different on the two players. Except for the feet,(one extra, plus different material) the cases and insides are the same. The SCD-777ES is 55lbs., three lbs. lighter than the SCD-1.
Guss2, Did you get to hear the players side by side? I would be interested to hear how much difference in sound the extra damping around the transformers makes. Were they both run Single ended? I would think the balanced output would make a bigger difference than the resin seal.
Jester, I've got to listen quite a bit to the SCD-1 at a friends house. It is very good, but it didn't blow me away like the Shanling CD-T200 with the Level one plus mods(4500.00) I heard. It had the mods done by www.underwoodhifi.com This was the closest I've come to sacd nirvana. 
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Tom (and all who have responded):
Thank you for taking the time to share your insight. I am going to continue to research which SACD player will best fit my needs.
Price Range: $5000
I like the Sony SCD-777ES option. Saving money is never a bad thing in this hobby! I've also been looking into this player as an option before I discovered the Sony SCD-1.
tkam - Can you tell me a bit more about the Music Hall Maverick?
Brandon - You answered one of the questions that had been floating around in my head, which is "do people mod the SCD-1?". This was something that I wanted to make sure that I factored in to the equation.
One of the things that I most like about the SCD-1 is the build quality. Being built like a "tank" in my opinion is a good quality.
Please keep the opinions coming as this is a big decision and I can use all the help I can get!