Parasound has introduced the Halo P7 analog stereo and multichannel preamplifier with features and a price that looks like a real high-end value at a moderate price. Offered at $2,000, the P7 is a two-channel and 7.1-channel pre-amp with balanced-line XLR inputs and outputs and its noise floor is said to be a full -10dB lower than many AV receivers. It includes a switchable low-noise MM/MC (Moving Magnet and Moving Coil) phono input, RS-232 port for connection to a home theater controller, discrete IR codes, IR repeater input/loop jacks and three DC triggers to activate external components. It features an analog bass management circuit for two-channel sources so it's easy to setup with a subwoofer/satellite speaker system. It also has no video inputs, a real plus for audio purists, especially if your TV or monitor has video switching. However, an optional HDMI video switcher with 1080p capability can be linked to the P7. And, since this is an analog component, it has a volume control bypass mode if a user wants to use their AV receiver to decode digital sources. View a photo of the front and rear of the Parasound P7 preamp.