New at Qobuz - no HiRes sound

Agosto: if you can I would consider a DAC upgrade as opposed to a streamer upgrade. A DAC upgrade would give you a little more versatility and be a direct replacement for your one piece of gear that is aged out. You can also hook it up to your cd transport and most any other digital source. Using the node with an outboard DAC is very effective and since you already have the node in the system...

tjkurita: I agree with you that the DAC is the bottleneck. However, I am quite happy with the ML 30.5 listening to other sources (CD, DAT) so my plan is to have a dedicated DAC for my streaming source. As I am not happy with the BluOS user interface anyway and I can not spend lots of money for a DAC (plus streamer) right now I think that this TEAC unit will help me achieve this goal. Let's see (hear)....

Update: So I was finally able to get my TEAC. As per big_greg's description, the unit is a real upgrade to my node 2. I am not ready for a final verdict but the soundstage is significantly improved. I was not able yet to compare the DAC with my MarK Levinson as I need to get an additional cable but will report back when I have that info. Setup was very easy and I did not experience any hiccup.
The downside is the TEAC HR user interface as big_greg explained earlier. I did not find the Lumin app to be better and as I only use the streaming part of the app, I found the Linn Kazoo the best so far:  It allows me to access playlists and is an overall better navigation tool (my opinion!). I am still puzzled that some basic functions like random title play of a playlist or an album are not available. Also: All of the apps tested do not allow to continue a playlist once you manually selected a title from the list. You either start at the beginning or you need to skip titles until you reach the desired track. Any comments or suggestions are welcome. I am very happy with the TEAC. Thanks big_greg!

Glad to hear you are enjoying the TEAC agosto! 

Just a quick update after about one year ownership of the TEAC NT 505: Great sound quality with the built-in DAC (if you followed my post you know that i use a Mark Levinson 30.5 as my "default" DAC but it can not convert the hi-res files so I am using the TEAC for that). The only setback I have from the beginning is the user interface (I tried HR and Lumin but think Linn is the best for my needs). With my previous node and Spotify I was much more satisfied.

Anyway: The TEAC is a great unit!