Fade in/out would not be bit perfect surely. More importantly fade in/out is lame and should not be done, period!!! If the musician did it then fine, it's their choice and I respect that, but a rip or player doing that? Trash bin I say!Fade-in/out always DSD editing operation. I.e., for this case read from SACD will not bit-perfect.
I suppose SACD audio player device do any fading after conversion to analog.
I don't think that PS3 do it.
And if a fade in/out is required so that you don't get clicks on gapless, then guess what... Fading in/out is not what gapless is about.