Now that I have used it a few times, let me share some initial impressions, using the internal DAC/amp. Sound quality is kind of mid-fi, and there are some obvious degradations when using DSP, so for those ultra high end listeners that want an unaltered sound end to end this is not the device for you. What this device does is to make DSP tweaking easy, just plug your source move some knobs and you are done, no need to suffer with some complex to set up software in your PC. I attempted once to use crossfeed on my windows machine and after a couple hours I was unable to make it work, so I see some value in having all the DSP in a physical device that you can adjust easily.
The EQ is EQ you can tweak a bit the sound signature with the EQ, make voices more prominent, increase a bit of low end, reduce treble on some tiring songs, it's easy to correct that kind of things using the EQ. Crossfeed is in general nice but kind of a long term thing, it won't make an impressive difference, but it does help with imaging and that kind of stuff. The reverberation is where I find the most significant and pleasurable change to the sound, I have tested it with some DCA closed headphones, and they are bit dry but with the reverberation you can make they sound very musical and engaging, the reverberation makes the sound fuller and makes music fun instead of clinical.
Overall I'm very satisfied with the device, it makes music listening very enjoyable. I'm glad
@Jan Meier decided to take the risk with such a weird device, it's in a class of its own.