Not long ago, I auditioned all the new kids on the block. Fully burnt AMR777, Berkley Alpha 2, Weiss 202, PS PWD 2, EMM MA-1 and the Audio Horizons 3.1Sv. Plus some other older and established models.
The result, I just sold my $24k analogue kit, it finally happened, digital equalled and/or bettered my vinyl. I kept the Audio Horizons 3.1Sv, without doubt the most analogue sounding of them all, the others cannot match the musicality, depth and natural separation. If you are looking for a new dac and have the dough, you are committing a serious mistake if you dont audition the Audio Horizons, I believe I have never heard a better dac at any price.