I "pre-ordered" the MKii in December 2011. The MKii hadn't been announced yet and rarely, but sometimes I get lucky. This was one of those times. I think it arrived in January or sometime around the CES 2012 unveiling. It's been broken-in on a silver AQ dig coax to OPPO95 and the BC 24/96 light link fiber input channel to USB. No special considerations for a Mac Mini Lion, plug and play. I received the VBS and upgraded BC power cable as well.
I haven't done any tweaking with isolation platforms or stillpoints, so it's as-is for the following novice assessment. The XLR's/IC's, speaker cables, A/C cables and amps that I have used range from "lean" to "slightly full bodied" and the speakers are "musical, engaging and not clinical".
With all the associated equipment characteristics generally described, the music preferences are Jazz, vocals, classical and rock. The two summary comments on the sonic performance that are most predominant: " very quiet with very good detail resolution", "musical with a very light-touch, gets out of the way".
Since purchase, I have been through several major upgrades and changes to speakers/equipment/cables. The BC 3.5 mkii is a keeper and I can see building a second system around it if should chose to try a new pre-amp/DAC combo. I see it as the highest performing DAC/Pre at this price point. The feature set is great, HT pass-through and the BC customer interactions have been great (called about the 24/192 lightlink).
I have not listened to it without the VBS (matched connections with mine) and I expect that adds to the performance as an integral piece. I have not listened to the Alpha DAC 2 but the Stereophile 1/2012 review puts it in rare accompaniment, Weiss 202 and dCS Debussy. No regrets, would do it again and recommend it without any reservation.