Pros: competes with DACs costing much more, amazing clarity and transparency, elegant simple design
Cons: USB inpuit can't handle hi-res audio, no balanced option
That's a link to my detailed review. In summary:
The best DAC I've ever heard. The only thing that matched it was the MBL 1511E which is a $9000 DAC. The Anedio is identical in sound, at a much lower price, thus by far a better DAC. Please read my review for further info.