Seeing the TII release I feel like I've got kicked in the nuts for buying a Chinese DAC again, no not because they are bad but because these things depracate worse than a brand new Alfa Romeo. Topping, SMSL, Matrix - all the same, after a year nobody wants them because they are a seasonal hype, then the manufacturer tweaks a few things, some folks start writing essays on how it makes it a 'game changer' (how typical in audio) and the new hype train departs.
They promised the Termi to be the 'reference' for the next couple of years still they release a new model 1-2 times a year making the previous lose 50% of the value because they start putting the previous TOTL features into cheaper models.
It was kind of predictable though but for me one last time I bought Chinese gear. Sorry for the rant, justr having a bitter taste in my mouth seeing how quickly they release these things....my Termi lost like 60% of it's value within a few months now.