Well, I have to spoil the party for anyone thinking they can buy a Nagra and get APL NWO-M sound
Since it was my loaner player that Stefan used, I was a bit puzzled when he told me the sound was similar, since having compared the APL to other top offerings like the Weiss Transport/Dac combo and the big MBL combo and the APL always coming out ahead, so when I picked the player up this evening I brought along a couple of CDs to listen to the two players along side. Among the songs that were played were Elton Johns - Madman Across the Water, Jeff Beck - Space for the Papa, Katie Melua - Piece by Piece, Metallica - Dont Tread on Me, Kanye West - Love Lockdown. The combo of the last two are particularly good to judge the bass quality of the system if it can play them well. Although the Nagra is a very nice player its not up to the APL standard for me, the Nagra is flat in comparison so the best way to describe it for me is the APL is similar to very good vinyl and the Nagra has a flatter more digital sound. So I have to disagree, to me the difference is very big, although it would have been very nice to be close at 1/3rd the price
For anyone wanting to read a long review of the APL NWO player I recommend searching for the review from the handle "puremusic".