Don't jump into sound analysis until about 100hrs of burn in, just let it play in the loop for a week
I have about 50hrs of playback time and to say that I'm impressed is understatement.
Just imagine PM2 design with a sound sig close to P2, with Bluetooth and 17hrs of battery life (confirmed playing 320kbps mp3 in a loop).
I will have first impressions soon, but we are talking about a sound sig very close to new Plenue 2, neutral revealing sound, maybe with PR a touch brighter, but still close to neutral sig. Technically, P2 has an advantage, blacker background, a little more dynamics and transparency. PM2 is noticable warmer, the same as the original Plenue should be. Also, PM2 has more hissing and not as resolving in comparison to PR.
PR is very light, slim, and definitely should benefit from a leather case since lower right corner has a few sharp point.
The LED will change the color depending if you are playing lossey mp3s or lossless FLACs, or high res DSDs. You can disable led in System settling (should save battery).
Other than that, the same fast responsive touch screen and OS, as P2, the latest JetEffect dsp effects, 128GB internal storage, bal and unbal ho, optical digital out, microSD expansion, newly added BT, and seriously good battery life.