Schiit must use the same LEDs found in tactical flashlights. With the room lights off and the Lyr on, it's easy to walk around safely. Add the Bifrost, and I can practically read..
Anyhow, spent most of day listening to Bifrost with speakers (Triangle Celius, powered by Musical Fidelity A300 and supplemented by Hsu 1220 subwoofer.) All for you, fellow Head-Fiers.
Overall impression, this is not a shy DAC. It puts the transients right out there, especially in contrast to the DLIII. The PS Audio has been praised as analog-sounding, which some people might interpret as rounding off the edges. The Celius-es (Celii?) have no lack of treble and are about as discreet as Perez Hilton, so the combo sometimes teeters on the brink of too much. In fact, I'm sure it would be for some people. Not for me though, or you if you enjoy occasionally being startled by cymbal strikes or other such notes.
Beethoven's Ninth (BIS hydrid SACD) was more enjoyable than I recalled. IMHO, this isn't the greatest recording, but the Bifrost made the individual instruments clearer and thus easier to follow. The chorus had impressive presence.
One of my reference tracks is Laughing by David Crosby from his album If I Could Only Remember My Name (2006 remaster.) Right off the bat, the Bifrost presented each guitar as an individual. Each had great weight, and there was very much the sense of each string being fingered. There's a lot going on in this song, and it came across clearly. Highly enjoyable. It's not the the Bifrost revealed new details, but it did make small things that much easier to pick out.
So far, so good. Some posters have opined that the Bifrost doesn't really punch above its weight class. I wish I could hear enough DACs (and more expensive) to have a truly informed opinion. I do wonder if the pace of advancement in digital doesn't render this a moot point. Even if I could afford to spend $5K or $20K on a DAC, I'd still have this nagging fear that it would be outdated in a year or less. As for the Bifrost, I'm not sending it back.