Received my Hugo 2 today. Since I'll mostly use it in the office, I decided to use TIDAL on iPhone 7+ as my source ("real world").
tldr: Mixed impressions, with some headphones and IEMs H2 is good, with others miserable (= YMMV).
No "wow" moments, but achieved very good performance with HD800 (unmodified) - appropriate for $2k DAC class.
Headphone: Z1R, Sony Kimber cable
outch. Disappointing across the board. Try Pink Floyd, Time - drums sound numb (not even "comfortably" so ...), deep synths lack gravitas, drums sound like plastic, some sibilance "Digging away ...", ululating background chorus at 2:48 sounds too metallic. FAIL - I don't want to listen to this. You could pay me and I would refuse.
Also listened to a couple other tracks (including e.g. hi-res version of Daft Punk "get lucky": all very much 2D, not convincing, time to move on. At this point returning or selling the H2 would have been perfectly fine.
Unfair comparison vs. H2, all of the tracks sounding fantastic with Z1R: SU-1 into Metrum Adagio, Cavalli Liquid Fire, SR Apex interconnects.
CIEM: JH13 Pro v2
- "Get lucky" - good bass slam (vs. Z1R), much better showing for H2
- "Kashmir" (Physical Graffiti remaster) is tolerable (fail with Z1R)
- "Just friends" (Eliane Elias Live) has good piano - better than most of my PMPs (ZX2, Plenue 1, AK120)
Focal Utopia
Not a fail like Z1r, but sounds more Elear-level with the H2. All tracks are tolerable, no "yuck" (= skip) moments. No standouts (hence no particular tracks mentioned).
Main complaint is that the already small-ish soundstage is condensed a bit more by H2 (even with X-PHD off), making the result sound like a stack of pizza cartons.
For some tracks, e.g. Jazz trio, this may actually be OK, so take this more as a directional caveat.
Utopia with H2 is OK if you don't have alternatives, but you're wasting your money both ways (H2 sounds better with cheaper headphones, and Utopia sounds better with cheaper sources).
HD 800 (no mods)
- Torture Test (complex score, dynamics, horns, ...): Wagner operas 1950s-2010s recordings, starting with the recommended Solti collection. All sound good - no complaints.
- "Fast car" (Tracy Chapman) - close to what it should sound like on a reference quality system
- Tchaikovsky violin concerto in D, op. 35 (Ester Yoo) - sounds good. Violins are very good, but not reference class (I have two competitive violin players in my household, I know how the instrument is supposed to sound ...)
- Kleiber Beethoven's 5th - Good to very good. Balanced performance (yes, it's a single ended headphone ...) in every way that counts. Macro-dynamics (aka punch) could be better (cf. Metrum Adagio running circles around the H2), but I would still rate it very good.
- Eliane Elias live HD800 is better than with the Utopia, but one class below TOTL/reference. I found the X-PHD green setting nice on some tracks. With this recording, the bar for listening is "are you in the same room as the players" - this is achievable [I have been to multiple concerts by this artist, sitting 10-15 feet away from the piano ...]
General impressions:
H2 does better on attack vs. decay (observed with piano)
Filters don't seem to make a big difference on red book 16bit/44.1 kHz tracks
Case gets quite warm during use
I hate the haptics of the control orbs (they also rattle if you shake the otherwise solid case) - remote to the rescue
No objections to the remote. Plastic but ok, very light
USER BEWARE: Almost destroyed my ears and headphones by assuming that the red color on the volume indicates "dangerous" level, therefore moving the volume to the other end of the spectrum ... (yes, I'm a 1st time Chord customer)
I'll share more as I start to use the H2 for real. Other headphones and IEMs include Share 846, Noble Encore (incoming Tuesday), and KSE1500. KSE 1500 will provide an excellent opportunity to score H2 strictly as a DAC, by comparing the built-in KSE1500 DAC with H2 into the KSE1500 amp.
Hope this helps a little bit, not a "great" review, but perhaps worth your time given the overall scarcity of information at this time about H2 "in the wild"