Here are my early impressions of the HDA-100 amp:
Even though its still not sounding its best because of the balanced vs unbalanced issue, I think this amp is well worth the asking price.
So far I think the only problem leaving it unbalanced is a slight hiss in the signal when the music is quiet. I know some people might be bothered by it but I don't mind it as much, not to mention I have a feeling it'll be solved if a balanced input is used. So far with the tone controls turned down, I think the natural sound of the amp is slightly warm. The mids are lush and detailed and makes female vocals sound great, while the bass has good extension and texture. The treble is still detailed and clear, but it doesn't have the airiness that AT cans can do. On the other hand, I love how it tames sibilance on tracks very well because of it. The treble and bass controls work well, and can turn any headphone into
absolute bass monsters, even more than the ZO2 amp. It kinda starts getting boomy and intrudes into the mids past the 3 o'clock position though. Another feature is the balance control, which adjusts the "center position" of the soundstage. All these options just make this amp really fun to mess with.
Even when its still unbalanced and not sounding it best, this is probably the best value for an amp yet. The unit has plenty of power and the tone controls give it great flexibility compared to other amps. The only thing I can hold against it is the (probably fixable) hiss, but other than that I wouldn't hesitate to recommend paring this with an ELE dac for a super budget-friendly setup.