I am reaLly happy with my NAD M33 that I have had for 16 months. Sound is clear, detailed, with great imaging, big soundstage, and nice punchy bass. There were some stability and software problems when first released but these have all been fixed with software updates.
Keep in mind audio excellence is one of about only 10 Hegel dealers in Canada while there are probably around 200 NAD dealers in Canada including audio excellence so it is in their best business interest to promote Hegel over NAD.