I am on my second PS Audio Lambda CD transport. I bought my first when it first came out but it developed a mechanical problem. I got lucky and recently bought a used one in perfect condition for $400. Best money I ever spent on audio equipment. I also have a PerfectWave Memory Player. They feed my AURALiC VEGA D/A processor .I love the sound of both but any difference between the two is very small. The Lambda is simply a great transport and I think holds its own with far costlier and technically more sophisticated transports.
One area in which it bests the PerfectWave Memory Player is in error correction. It plays through all the drop-outs on the Pierre Verany Digital Test CD. There are 24 tracks in three groups with tracks of increasing difficulty within each group. The first group is individual drop outs and the other two contain drop outs close together. The Lambda passed them all, even the last track in each group which is the most challenging. The largest drop out is 4.00mm visible to the naked eye.