As expected the Regen switch mode power supply (SMPS) is a disaster area, I avoid SMPS PSU's because they are nothing but a huge bag of hurt and should not be allowed anywhere near a HiFi system... They can be designed for low noise, but then they become far more expensive and requires a skilled designer.
The SMPS PSU supplied with the ReGen tries to "obscure" its RF output noise by VERY crude spread spectrum in an effort to ease EMC tests. My measurements show the switching frequency hopping around between discrete "spot" frequencies - just so crude.
Forgive me, things like this make me so down as I work so very hard to design a "correct" product then I see devices like this selling... Apparently the Regen guys claim this is a low noise SMPS design - if true, then it only begs the question what Crxp is considered "normal"...
Regen PSU noise measured with a "nothing special" lab linear PSU - note the 8KHz related USB noise currents on the PSU rail.
https://dl.dropboxusercontent.com/u/86116171/Regen Linear PSU Standard PCB.jpg
I added 3 modifications to the Regen PCB to reduce the USB packet noise, otherwise the same as above with the linear PSU:-
https://dl.dropboxusercontent.com/u/86116171/Regen nosie Linear PSU Modifed PCB.jpg
Now the "standard" non-modified Regen PCB with its Switch Mode Power Supply:-
https://dl.dropboxusercontent.com/u/86116171/Regen SMPS noise.jpg
Note the massive "clumps" of spread spectrum SMPS noise!!! You really don't want these HF noise currents circulating around your HiFi system!
As above with SMPS but with the modifications to the Regen design to reduce the 8KHz USB related packet noise on the PCB, for the most part we are left with the rather nasty SMPS noise:-
https://dl.dropboxusercontent.com/u/86116171/Regen SMPS noise modifed PCB.jpg
Zoom FFT of the SMPS noise, here you can clearly see the discrete SMPS switching carrier "Bins" as it VERY crudely hops about in an effort to hide itself from the averaging peak sweep detector used during EMC testing. Spread spectrum works well if correctly implemented with a true random carrier - but not here where its clearly just hopping about between a few discrete spot frequencies.
https://dl.dropboxusercontent.com/u/86116171/Regen SMPS noise zoom modifed PCB.jpg
IMO, "off the shelf" SMPS designs have no place in HiFi systems. I've read reports of owners using the SMPS reporting "Brightness" and that's a VERY typical sonic signature of unwanted RF currents being injected into the HiFi system.
This is not aimed at the ReGen specifically, just at "off the shelf" SMPS designs in general. Although I strongly suggest that the Regen should never have been provided with an SMPS as this PSU can have a greater negative impact on a systems performance then the original issues the Regen is trying to resolve.