After owning the PS Audio PWD II for six months, most recently running firmware version 2.4.6 (which is the best I tried), I wanted to move to a dac/preamp solution that would include analog inputs for my phono preamp as well as headphone outputs, and perhaps DSD capability.  My search led to the Grace m920, which I purchased through Paul Allen at Sweetwater.  My initial impressions, formed over the last week, follow – I am using the Grace m920 with Dynaudio Gemini speakers, with their superb D260 tweeter, the Bob Latino M-125 140 wpc KT-120 based...