I think Winoguy may be talking about the Reference 500 series, which the UK buff mags said was pretty good, competitive at its price point. Doesn't really appeal to the audiophile market, but to those who want "good sound" (pleasant and tuneful without worrying too much about fidelity). The price is coming down, I'd guess, because TEAC is coming out with a new model.
Doug is talking about the Reference 100 mini-system, about $169 at Costco, and very good for a kitchen or bedroom system. I bought one for my 11 year old. Even better, my father in law has one to which I hooked up old Monitor Audio md300 large bookshelf speakers, and it sounds great. Very deep and wide soundstage, fair imaging and smooth frequency response. Not the last word in detail, but a killer for $169 plus the value of the surplus speakers.
Doug is talking about the Reference 100 mini-system, about $169 at Costco, and very good for a kitchen or bedroom system. I bought one for my 11 year old. Even better, my father in law has one to which I hooked up old Monitor Audio md300 large bookshelf speakers, and it sounds great. Very deep and wide soundstage, fair imaging and smooth frequency response. Not the last word in detail, but a killer for $169 plus the value of the surplus speakers.