What to expect for those not familiar with the Chord sound signature:
In reading through this entire thread, there's a lot of interest/hype momentum for the Hugo. And rightly so. If (and it's often a "BIG IF in new product marketing) the Hugo has the same build quality and sonic signature of the their other FPGA DACs, those of you not familiar with the DAC 64, Cute or QB series are in for quite a jolt into digital that's truly organic, and for lack of a better term, "vinyl like".
Chord's DAC 64, and later on, the QB76 have been a mainstay in my both home and headphone systems for years; with their FPGA DACs now paired with Stax LNS and 007 MKII, various Stax amps and even a fully portable Stax rig. Of note, I have lived with/owned/auditioned many of the higher end DACs that compete with Chord. At this level it's really not about quality, it's simply which sound signature you enjoy more. Like MBS, Wadia, Meridian, Berkley, DCS, Esoteric...Chord digital products have a somewhat unique "house sound".
Rather than spew a laundry-list of adjectives...here's what to expect. (Keep in mind, I've not heard the Hugo...I'm making these observations based on Chord FPGA DACs that I have lived with over the past 10 years.
Before I begin, I don't want to come across as yet another golden-eared, fan-boy, touting the brilliance of a yet unheard/not-yet-shipping product. Truth be told, my current Chord DAC is bettered by something I bought last year. (A fully loaded Empirical Audio Overdrive DAC @ 8,000 US). But it's close...and the Chord is better with anything bright in the chain (so-so source material, ultra-revealing headphones, some solid state amps, etc).
1) Expect an organic presentation...think back to the first time you heard a good vinyl rig with well-mastered record or non-digital recording through a top-notch analogue source, such as reel to reel or the cassette decks of Nakamichi vintage.
2) Expect zero fatigue/digital grit...you can listen to digital for hours on end, with no headache or needing to "turn it down"....)perhaps this will be the answer to tame the HD800 or other very revealing phones?)
3) Expect over-the-top build quality. I have a Chord DAC in my bedside system that is left on 24/7, looks like a sculpture and does not make the wife run for cover at the sight of it. Chord's aluminum block extrusion and LEDs under-a-lens is art, art that just happens to sound damn good.
4) Even with services such as HD Tracks, Linn and other high res downloads, + a modded Sony SACD ES777 + a separate DVD-A, over half of the music I listen too, is good 'ol Redbook. Here the Chord excels...previously unlistenable CDs with more grit than a Chicago sidewalk in January are now enjoyable, with good instrument separation and a lens into the mastering engineer's technique ..or lack there of. No, it can't magically transform a bad mastering, but it can take the edge off, so you can forget about your gear and enter into musical performance with the same enjoyment as with with the original LP. A great example is the Boston debut album from the 70's. Wonderful LP; horrible CD mastering and even the SACD is not much better. Edgy, hard and gnawing guitar that begs for analogue. Here, the Chord's FPGA do their thing and liquefy the guitar rifts without loss of detail. When I bought my Chord DAC 64 10 years ago, it opened up a whole storage case of 80's CDs that I had deemed unlistenable compared to their vinyl counterparts. Now that gap is mostly closed.
5. Don't expect the Hugo to be copied anytime soon. Chord has been working with FPGAs for years and has a significant R&D lead, and unlike many new DACs that can simply adopt the flavor of the month (be that Wolfson, Saber or Cirrus Logic)... you can't easily reverse-engineer this product.
6. RCA out is smart. The Hugo, with a good music server will become the go-to for any semi-portable high end system or even main system (if the Hugo is in the same league as the Chord Cute).
7. RCA out is smart x 2...one of my first applications of the Hugo will be in high end car audio. Your phone + this unit plugged directly into your car's head unit (if it's up to the task) should transform the weak link in car audio and finally allow DSD/high sampling rates directly from your iPhone or Droid handset. Hmmm... I'm specing out a system in my head with JM Utopia "mobile" speakers as I write this.
8. The Toucan may have been the best thing that ever happened to Chord...not well-reviewed, many for re-sale and a blemish on Chord's otherwise spotless high-end face (In fairness, the Toucan was never high-end priced, either). I think Chord learned their lesson and realized that the Toucan was never a downsized DAC 64 with respect to performance. (The complete polar opposite of the Cute, which gives 90% of the flagship QB76 at a quarter the price). The end result of this "lesson" should be performance on-par and perhaps excelling current Chord mid-range products. (The Cute). I can't speculate how it will compare with the flagship QB76DSD and I take the interview with Chord's CEO that says it does with the usual pre-release grain of salt. Not so sure that Chord would want to cannibalize their profitable high end flagships with a $2K product,
9. It's a bargain in the relative stratosphere of high end. Just go out and price other comparable gear (Wadia, McIntosh's new headphone gear, etc.) and that becomes apparent. Judging by the pre-order buzz, Chord should be able to produce enough of these to hold the price where it is. Makes the AK240 seem very overpriced too.
10) All of the above is of course pure speculation and your ear mileage may differ. I'm only basing these assumptions on my extensive experience with Chord gear and the company itself. That said, on paper, this is a game-changer. My main unanswered question is how well this will pair with gear that is already on the warm/tubey side. That will be answered soon enough when I can get this into my main gear audio chain. Like most high end gear, I expect this to have some polarization...those that like an analytical, bright sound may want to look elsewhere...my goal here was just to arm you with some prepurchase buying information. - Lorne