@phastm3 IMO, it's better than the Denafrips Terminator Plus (which I had briefly and traded in) and the Terminator 2 (which I had for a long time). Similar sound signature but you get a lot more of everything -- bigger, wider, deeper soundstage, more air around instruments, and just a bigger, more impact presentation. I briefly auditioned (less than 10 days) the T+A DAC 200 and preferred the Aavik DAC but only by a very slight margin.
IMO, it is a solid dac but only if you get a 20% (or more) discount off of retail. However, the real improvement comes when used with other Aavik equipment. This is where it makes a huge impact. The noise reduction technology that Aavik has been employing in their new line of amps, dacs, and streamers is really something.