Thanks for the replies guys. I was just about to follow up on this - I went out and picked up a pair of 1/4" mono male to phono female plugs, just to ensure it was not a wiring issue. It was not. I do have my stereo set to "2ch" which I would have thought would eliminate any processing, but maybe that isn't the case. 2CH is a separate hard button from the surround/alternate input controls, and the only parameters I can edit on 2CH are bass and treble. It is a decent Sony receiver from the 90's and a nice pair of Polk speakers. What I don't get is why there is no latency when I use the headphone jack?? Anyway the plan is to get monitors, I just wanted to make sure everything is working right. I just got this unit, it came used from Guitar Center. I got a sweet deal on it and it seems to be in very good shape. Of course the 30 day trial just ended, so I hope I will really get into it. I am new to piano (taking lessons as well as theory class) so this rig makes a lot of sense for me. However I am stupidly spoiled and can't stop thinking about at $1700 machine. It is pretty amazing that you have to spend double the money (new) to get slightly better piano sound and the next step up in key action. On a related note, I went to GC the other day to sample monitors. I ended up choosing the JBL 305's. I looked at the 5" Mackie and the 5" and 6" Rokits, 5" Yamaha, and heard for giggles the M-Audio and some other cheaper brand. I also heard the sales guy's favorite monitors, a 8" or 10" set of Adams. They sounded great, and I felt they sounded the most like the JBL. All the other brands sounded warm, the JBL sounded clear. I could hear some different tones in the piano samples I had them play, definitely more definition than the other speakers. Hopefully the clarity won't make the piano sound worse! I am hoping it will sound a little less 'electronic'. I am unfortunately too picky for my own budget and good.