It's amazing how the light changes over a few hours.
As can be seen from the interior picture, the 1020 is built on the same board as the justifiably famous 3020 integrated amp, 2/3 of it (where power amp components would be) empty. I thought that it was exactly the 3020 preamp section minus power amp, but the back panel has 3 selectable phono capacitance settings. The 1020 preamp is all many will need: simple, inexpensive, and beautiful sounding. It's quite a rare beast, unfortunately.