I've allowed my Ares to fully burn in and done a comparison with the DAC I've had for a while now, the Wavelength Brick V2, which is a TDA1543 (16/44 max) NOS DAC that retails for $1750 (I purchased it used for about a third of that, as it has been around since 2005).
On my speaker system the Ares had more impactful bass. The Wavelength was superior in depth, instrument separation, vocal realism, and pretty much all of those properties that one looks for when seeking an immersive experience with their music. It was not always a significant difference, as in vocals, which were close, but the sum of the test is that I'll continue to seek a new DAC (trying to sell the Brick as I need more than the USB input it offers) that can surpass a very well implemented redbook chip.
To put my review in perspective, I also put the Wavelength up against the Metrum Musette and had similar results. I do have hope that the new DAC2 modules with FPGA incorporated will bring the Musette to new heights.
I'll be hanging on to the Ares and doing some more comparisons with it. I'd like to also compare it directly to the Musette, as well as to the MHDT Labs Stockholm V2.