I'm currently in the market for a DAC as well, and the V-Dac MKII is currently on the top of my list.
My budget is around 200-300 euros (275-400 dollars).
I'm surprised to see that there is not much interest in this DAC on Head-Fi, everybody seems to be drooling over the Schiit Bifrost and whatnot.
But since I live in Europe, importing the Bifrost would be quite a hassle and financially not attractive at all, the USB version of the Bifrost would cost me somewhere between $600-700 with all the importing costs and taxes added.
Anyone else received their V-Dac II and would comment or write a review on it? 
With the lack of reviews/responses out there its kind of hard to make a decision.