I've listened to the Terminator in two systems and against several DACs. I definitely prefer it to my Yggy Analog1 in my system but am sending my Yggy to be upgraded to Analog2 next week. I definitely preferred the Ayre QX-8 to it in my friend's headphone system (Sennheiser 800 with Cavalli Liquid amp). The Terminator sounded tilted to me instead of neutral.
My system: Magnepan 3.7i, Audio Research Ref6, Hegel H30, Innuos SE, Mutec Ref10, SOtM tX-USB Ultra, dX-USB Ultra. Tests were done with AES on Yggy and Terminator.
My system: Magnepan 3.7i, Audio Research Ref6, Hegel H30, Innuos SE, Mutec Ref10, SOtM tX-USB Ultra, dX-USB Ultra. Tests were done with AES on Yggy and Terminator.