I finally got the upgrade to the V2 and OMG it's amazing like people said! All the cliches apply: like musicality, unforced/plankton detail, see-through transparency, holographic soundstaging and a more controlled powerful deeper and most importantly more detailed bass. I had the Playback Designs for a while when I decided I liked the original EMM v1 better, but now the EMM is way ahead in my book. Thanks to the members here for steering me in the right direction.
I have owned EMM continuously since 2004 (DCC2/CDSD), and when I tried other brands, I keep deciding that nothing reaches into the music and affects my music-senses in the uniquely profoundly fine way that EMM does. I just can't put into words how the EMM sound is uniquely good, but somehow it is.