P2/12-1.3 from the factory. almost a month of listening. My impressions: Sound not tiring. Homogeneous medium and full female voices. Male voices ok. A little too much energy in the middle and i miss the micro-contrast. Sufficiently articulated and powerful low range. Here a slightly latent micro-contrast, too. Correct highs, a little forced, to improve the airiness: a general feeling of lack of harmonic development. Not very deep image. Is ( in my sistems) correct on the plane of the speakers - without a hole in the center - indeed dense. And image and “pitch point”change, partly,with volume. Ideal would be to have a little more transparency and micro nuances.
I listen mostly in NOS. phase On (led on) CD/DAT transport mechanism. But also various MacBooks (Intel/ M1/ processor), hi res files sent via usb/Xrl interface from the listening point. State of the art cables. ( AN, Trasparent, Mit, Swire among the others). In the studio system (where the P/2/12 is destined) it showed itself as an adequate dac. Worth its price. it lets itself be heard. In the high efficiency main system it showed more of the above characteristics (compared to my old Audio Note dac- which has a different and in some parameters uncomparable sound, more refined and with a SOTA scene- but no dsd, no hires file). I'd like to try the T+ in this system in the future. No possibility of comparison ( too different, too distant) with Analogic. But I'm biased here because I was born with analog and so read it as you like.
All IMHO. and just to share an experience. To try in the future the new Sw. 1.4 (as advised by Vinshine) but I don't like playing and I'll wait. I'm not a digital man and that's 1.3 is okay for now.
Studio system - Mirage M1/bw. Mark Levinson mono class A amp, Audio Research tube pre - Main system - Avantgarde trio horn - Audio Note Japan tube amp, Audio Note Japan tube pre. Audio Notes dac. - Cec TLO - Micromega trio cd trans. Dat Sony PCM R. 500 - analogical part omitted