There is finally an independent set of O2 measurements at:
http://www.neurochrome.com/o2-headphone-amp/
http://www.diyaudio.com/forums/headphone-systems/302852-o2-measurements-review.html
You can take a look and see how it measures objectively from an engineer who has an analyzer to do it correctly.
The person is an engineer and has designed a high end headphone amp and is selling it as well.
To make this up and above board the engineer states this in his article.
Alex
Wow - Its great to see such a detailed and somewhat "critical" review of the O2. Thanks for the links.
The "dramatic rise" in THD at higher output powers is basically true of any amp - they all have their "sweet spots", and they also sound like s*** when playing out of their performance envelope. That said I've never turned my volume knob much past noon using HE-400s, which are my least efficient headphones. I'm pretty sure I've never clipped a home or car amp either, since I generally can't stand it when the volume starts to hit 80 dB and beyond. So, I try real hard not to worry when an amp distorts at maximum volume and beyond. I'm actually quite impressed that the O2 provides essentially all its usable/rated power at less than 0.01%. That's better than most home AV receivers I read about.
But it would be nice if someone can explain to me why I should or should not care about intermodulation distortion. That and it would be nice to see the result when on AC power, since I'd venture that MOST O2 users stay plugged in, like me!
I've never thought that the O2 was the end-all be-all amp for headphones in the world, but I certainly don't feel that other amps will be a resounding unimpeachable improvement over an O2 playing within its performance envelope with normal headphones at reasonable (e..g 60-80 dB) volumes. Call me jaded - I just seek out the power I think my speakers need to hit a SPL in my room, then add 3-10dB if I can afford it! If you want to change the sound, you start by changing the speakers, IMO. That said I can't lie, at least in the case of AV receivers, I convinced myself that an Onkyo amp sounds "lean", my old Yamaha a little "warm". Don't know why, and don't know if I'd still think so in a blind / controlled test.
I can say I've heard the battery-drain "pulsing" - its bad, and with no low battery indicator, the first time I heard it I thought I'd broken something. Then again I tend to leave mine plugged in, going on battery once in awhile for the sake of cycling them. Considering how expensive most "audiophile" headphone amps are these days, I happily accept that flaw since the price is reasonable.