Nothing wrong with the Steelhead at all - except if price IS an issue. If you'd prefer not to pay for the "brand premium", nor huge advertising, tradeshow, and dealer/reviewer demo budgets, consider the Granite Audio 770FP. A spectacular sounding and incredibly built preamp with phono stage from a no-hype manufacturer at half the price.
Here's a review if you're interested:
http://www.positive-feedback.com/Issue6/graniteaudio.htm
Here's a review if you're interested:
http://www.positive-feedback.com/Issue6/graniteaudio.htm