I have it. I think it is a very nice DAC. My system is Kinki Studio ex-m1+ integrated amp. Dynaudio Contour 20i's and Dynaudio Sub 500. Audiolab 6000 CD transport with Silent Angel Munich M1T transport, F1 Silent Angel Power Supply and Silent Angel N8 ethernet switch for my streaming. The ethernet switch arrived yesterday and IT DOES make big difference.
EJ Sarmento makes nice stuff at W4S and I love this DAC, very nice unit, it was my PreAmp before I sold my McCormack DNA .5 Rev A.