I thought I would add my revised thoughts here on these pieces. In the end, I was happy to keep my SA11S2. The transport is clearly superior to the Xyron transport in the Pearl, and I like having the balanced design of the SA11. The Pearl is single-ended, does not have coaxial, only Toslink (not important to me, but nice to have for future comparisons with DACs). The Pearl does not have the bass of the SA11, nor the dynamics, though it is a matter of degree and is still quite decent.
Don't be influenced by the statements of the reviewer who says the SA11. Its high end is not rolled off. It is a beautiful high end that deftly walks the tightrope of providing definition, but at the same time not being analytical, bright and overdefined. Nor is its sound 'boring.' I would describe it as having a naturally exciting sound that doesn't go over the top. To me, that's what someone looking for a well-balanced, natural sound is seeking. Listen to one.
Don't be influenced by the statements of the reviewer who says the SA11. Its high end is not rolled off. It is a beautiful high end that deftly walks the tightrope of providing definition, but at the same time not being analytical, bright and overdefined. Nor is its sound 'boring.' I would describe it as having a naturally exciting sound that doesn't go over the top. To me, that's what someone looking for a well-balanced, natural sound is seeking. Listen to one.