Found on craigslist, picked it up yesterday. I see what the fuss is about. This is a nice little amp. The clean channel vintage voicing does the Fender scooped thing pretty well. The modern voicing puts the mids out front and adds some compression. The lead channel is great up to 4 on vintage. I even found a decent crunch and incredible sustain with the post dimed and the modern voice on 1. After that it's all unusable, unless you like to crank out the occasional dimebag riff like, uhh, I do. Like most amps, it feels like the trick is to crank it up and ride the guitar volume. But it runs out of headroom quite early. Up against my (also) 40 watt Pro Reverb, the Envoy dimes out at a 4 on the fender's knob. The Blue Marvel speaker is so bright. So. Bright. I run my amps bright with my tele rolled down a touch normally but still had to cut treble on both channels. I have 2 Blue Marvel 10s in my delta blues that are nowhere near as shrill, so if the label didn't say 2002, I'd wonder if the speaker wasn't broken in yet. Swapped in a '65 Jensen C10Q and the amp was instantly smoother and darker. But at only 35 watts it had to come back out, so I'm taking speaker recommendations if you've got'em (and I know you do). I made some questionable cosmetic improvements also, since Peavey's design dept isn't out to clench any industry awards. I think this is the second NAD for this little guy - searching up some info here yielded what looks like the previous owner's thread. Maybe user @markal can confirm.