The K5xe is a good size step down in transparency, detail and overall resolution. The Calypso also sounds a little fuller and warmer in the best sense of the word.
I guess the bottom line is, it just isn't as musical.
When you take the Calypso out of the system, you miss it. Remove the Ayre and you say it was pretty good but it can be replaced. I think I can do better.
For solid state, the K5xe isn't bad at all. However, as I previously said, to compare the Calypso, you would have to move up to the K1xe which is much better than the K5xe.
It's really not fair to compare the K5.