I have had a Terminator Plus since before the price increase and well before the 12th anniversary. For the money, and on an absolute basis, it is a great DAC. That is especially my opinion, if you are into detail. This DAC and my Denafrips Gaia DDC has been dominating the DAC spot in my rig over my Chord DAVE for sometime. I think that says something, at least to me, since this is all about personal taste. As for the 12th anniversary, I have not compared the 12th anniversary version to my DAC. But with the price differential, I think there is likely not enough of a value proposition to upgrade. But for a first time buyer, depending on your budget, it may be worth a shot. Having said that, from my recollection of the reviews, the best performance for the money may come from the Venus.
Denafrips 12 anniversary
I have heard Denafrips new 12 th anniversary Terminator+
it is $1000 more ,and just slightly better a bit warmer and slightly more refined in detail , then the previous + another guy in are multi state audio club the The terminator 12 anniversary and compared to the T2/ and price only $300 more this is a far better deal the 12+ anniversary now $7500 Waay overpriced it is 98% thesame as the regular terminator2 ,12 anniversary .
you can buy the HoloSprings May KTE for under $6k
the Terminator2-12 anniversary is by far the best bargain out there and being under $5k. A Best Buy , I would have bought the + dac if it just went up $3-400 like it’s sibling ,a bit greedy ,and the Steve huff review ,almost a carbon copy of the previous + dac review it’s your $$ just our viewpoint from a value ,performance perspective.