I have promised a few more reviews here as some new devices have come in and one specifically is the Musical Fidelity M3s CD. This is a CD player with SPDIF, USB and TOSLINK inputs and lists for $1599. I bought it before AXPONA in 2019 for CD Transport for that show and literally had never listened to the DAC.
On In a Sentimental Mood, sparkle in the top end of the piano is great. Separation is good within the drum roll, not elite. It feels like this unit has a slight emphasis on the midrange as bass is slightly recessive and the cymbals in the right speaker are forward. Balance is different but it delivers a very musical and enjoyable performance.
In Be Still My Beating Heart, again slight absence of bass and resulting image seems short and moderately wide. Certainly wider than the Hugo 2 but with less depth in the central image. Noise floor is not as quiet.
Effects are prominent on Liberty. Not a touch of sibilance.
Duende had good, not great detail in the bass region. Treble separation was very good.
With Berg, there was a slight massing of strings which might be worse on a larger orchestral recording but it is very enjoyable.
PRaT is the signature. Extraordinary mids with a punchy mid-bass but without any excessive treble and slightly recessive bass. This may have been designed to compliment the slight brightness that one gets with MF integrated amp.
Like the Questyle, this unit is awesome for the money. If you told me it was twice the price I would not be shocked. Anyone looking for a quality DAC in the sub $2K range would be wise to consider this unit even if you never plan to open the CD tray. It will be especially nice in a system that is a touch bright at the top end or excessively bass heavy.
This unit sat in storage for almost 2 years and bluntly, I am disappointed that I haven't spent more time with it. It is striking a nice balance between detail and soundstage. Biggest issues I see are size and lack of XLRs which is not that uncommon in this price tier.