Fiio would have a genuine hit on their hands if they offered a CLAS competitor that came in significantly under the price (think ~ $200?) of the ALO Audio Cypher Lab Algorythm Solo.  This could be paired with the E11 for an awesome portable setup.  As an alternative suggestion, a premium LOD...

You can get the Brainwavz M2 or M4 plus a Fiio E11 for under $100 right now as a deal through January. Seems like a steal. If I didn't have a new baby coming in a few days, I would be all over it. 

http://www.airaccent.com/athm50-professional-around-ear-stereo-headphone-with-reversible-earcups-black-p-8826.html   This seems to be too good to be true... anyone purchased here?