I have this in anticipation of getting an iPhone 4S. I tried with my friends iPhone 4 and was literally shocked by the improvement given the price which included better resolution, clarity, bass control, dynamics. I didn't spend all that much time with it but did try the GR07, CC51 (his) and 2 of my customs. The GR07 and CC51 improved more in control but the additional resolution was readily apparent in my custom IEMs.
It is very light weight and not all that big, but I haven't used it on the go. The negatives so far that I noticed is a slight amount of hiss with the JH16, but it isn't bad really and wouldn't stop me from using it, the volume control, and the headphone power on button. The volume controls are very nice with touch buttons, matching the iPhone, but the step is on the larger side with my JH16 for my ultra quiet listening sessions. But I guess I could use a different source at that time, or use the headphone out with an external amp. And maybe I just don't know the best way to use it yet, but the amp didn't seem to power on before I had my music playing so the iPhone started playing music for a second before the amp turned on, but that could just be operator error.
All in all I am very impressed with the price/performance ratio!