Summary:
I replaced my old audio research LS 7 with Sphinx Project two MK 2.After a couple of minute comparison test, I decided to replace LS 7.
Very nice soundstage and transparency.
I really love this kind of sound.
Highly recommended.

My system's as follows;
-Pre: Sphinx Project two MK. 2
-Pwr:Audio Research VT60
-Speaker: Sonus Faber Concerto Grand Piano
-D/A Converter: Counterpoint DA-10R
-CD Transport: Counterpoint DA-11.5A
-Tuner: Rotel RT940AX
-Speaker Cable: MIT 2 BI Wire
-Interconnect cable: cello strings 1
-Digital Cable: Nutrics Proh