Hello, John.
Good to hear from you! Thanks very much for taking the time to post your impressions.
Well, your description of the Merlin/Naim pairing has me very interested. I'm not totally surprised that it would sound good. I'm getting good sound at the moment with budget NAD gear.
Although the Naim XS w/Flatcap 2XS PS would be way out of my budget I bet the Merlin/Naim XS would be a pleasant step up from my NAD 325BEE. My Naim dealer is about an hour away. Looks like I'll have to pay him a visit soon.
Thanks again for your reply. It has been very informative and helpful. If you can please keep me posted when you receive you TSM-mmi's.
Cheers,
Scott