3. The lack of DAC RF OP noise means that the analogue section can be made radically simpler as the analogue filter requirements are smaller. Now in analogue terms, making it simpler, with everything else being constant, gives more transparency. You really can hear every solder joint, every passive component, and every active stage. Now Hugo has a single active stage - a very high performance op-amp with a discrete op-stage as a hybrid with a single global feedback path. This arrangement means that you have a single active stage, two resistors and two capacitors in the direct signal path - and that is it. Note: there is no headphone drive. Normal high performance DAC's have 3 op-amp stages, followed by a separate headphone amp. So to conclude - Hugo's analogue path is not a simple couple of op-amps chucked together, it is fundamentally simpler than all other headphone amp solutions.
This brings me on to my biggest annoyance - the claim that Hugo's amp is merely good. Firstly, no body can possibly know how good the headphone amp in Hugo is, because there is not a separate headphone stage as such - its integrated into the DAC function directly. You can't remove the sound of the headphone amp from the sound of the DAC, it's one and the same.