I have spent around a week listening to the Mojo... primarily using a HD800. A bit of time I used a pair of Westone ES5 or fed the DACs into a Chord SPM-1200 amplifier which was driving Martin Logan Aerius speakers. I did back to back comparisons between the Mojo, Geek Out V2, CEntrance HiFi-M8, and my typical reference which is a Larvy DA11. Of course everything was matched within 1db. Related is that 1.5ys ago I wrote up my experience comparing the
Hugo, DA-11, HiFi-M8 and last week spent a bit of time comparing the Hugo with the Mojo. Some brief notes of other options are on my
recommended portable DACs page. All the comments below are based on the HD800... but I found my preferences with the ES5 and Martin Logan lined up with the HD800.
Short summary DA11 / Hugo >> Mojo > GOV2 Balanced >> GOV2 Single Ended > HiFi-M8
I think people are over hyping the Mojo. Yes, it is the new benchmark for portable sound quality that doesn't have the Hugo's price tag. Yes, for many people using the Mojo could be an end-game. To that point, the Mojo is my end-game because I have been moving toward a more
minimalist/simple life... but that doesn't mean that it competes with the best DACs or is game changing. I have heard a number of DACs which I think are significantly better than the Mojo (or the Hugo). There are even "mid-range" components which will outperform it. There are other portable systems which have a similar price/SQ or get close to the same SQ at whatever price. Caveats aside, the Mojo is my second favorite portable DAC/amp after the Hugo which I, and many other people have found it quite enjoyable.
While I prefer the Mojo to the GOV2 running balanced, it was a slight preference. From a pure sound quality / cost, I think the GOV2 is a better value than the Mojo if your headphones are wired for balanced use or are efficient.
The only portable DAC in 2015 that I would like to try (because I think it could be equal or better sounding to my ears) is the Resonessence Labs Concero HP.
All of the DACs listed above had adequate power to drive the HD800 reasonably well, but none match a good desktop amplifier. For example, a nice Eddie Current amp or a Headamp GS-X mk2 would provide an improvement in sound quality over the built in amplifiers. Yes, I have read the assertions that "the Mojo doesn't have an amp ... just a simple variable line out. You can't get cleaner than that" That may be, but the HD800 appreciate a larger P2P voltage swing that what the Mojo is able to do by itself, so a good quality amplifier will sound better... not because it's adding coloration, but because it is more capable.
I am not going to spend much time on DA-11 / Hugo vs Mojo because in every way I found the the DA-11 & Hugo superior to the Mojo, I know some people feel that the Mojo is an improvement over the Hugo, but I didn't find that at any time. The Mojo was a bit warmer, but I felt this was a smoothing out of details and maybe some high frequency roll off, which I don't think is a good trade-off. There are some people who prefer the Mojo's more euphonic sound compared to the Hugo but I am not one of them. The Mojo has better ergonomics for portable use and a much more reasonable price point.
The Mojo vs GOV2 running balanced was surprisingly close... which is impressive given the price point of the GOV2. Not surprisingly, the GOV2 was noticeably better running balanced than when running single ended. In general, I preferred the Mojo to the GOV2, though there were a few times that I found the GOV2 had better dynamics (especially in the bass register) and the GOV also seemed to have a bit better high frequency extension which at times gave it more of a sense air but sometimes was fatiguing.
I found the Mojo SQ superior to the HiFi-M8 in every way with the headphones I used. The HiFi-M8 might be better than the Mojo at handing headphones which are more power hungry than the the HD800, but since I don't own any of these, it's a moot point.
Here should be detailed notes... but I accidentally deleted them and am not going to bother trying to recreate them. Below are some preliminary notes I didn't delete from my first day listing. They might give a sense of how I thought the GOV and Mojo compared:
bird on wire - jennifer warners
gov+bass better dynamics
mojo+cymbics crisp
aja - steely dan
gov more high end - sounds more open, but also felt a bit fatiguing
street no name - u2
gov -sounded a bit lean, substance was missing
chesky binaural sampler
mojo+had a much better sense of space
get rhythm - ry coder
mojo+better separation, easier to listen for specific instruments
diane krall
gov2 - slightly thin... felt like something was missing
Shostakovich: Symphony #11 In G Minor, Op. 103, "Year 1905"
GOV2+ better dynamics for the drums
mojo+tone was more crisp
I will overcome - mastered by a friend, heard it live
Mojo nailed it. Tone and space. Room had an echo which the Mojo captured perfectly

GOV2- sounded a bit grainy?!
Symphony No. 2 "Romantic" (Allegro con brio)
mojo + smoother… but missing some details
gov more detail, but a bit strident (trumpets)