I own a Hat Peed Thingee along with the Biggie Pipe power supply. The total cost was around $750 ($550 for the amp and $200 for the Biggie Pipe.) The amp has two sets of RCA inputs, so it can serve as a preamp (i.e. allows you to use two sources rather than one, unlike most headphone amps.)
According to Blue Circle, the Hat Peed Thingee is essentially the same amp as their SBH, which retails for $1200, except the Hat Peed Thingee is made in a PVC pipe rather than a polished metal chassis and is therefore less expensive. The Hat Peed Thingee has an upgrade path. You can buy the amp alone. You can add the Biggie Pipe power supply for an extra $200. Finally, there is another, better power supply option. (I believe it is battery-based, kind of like some of Red Wine Audio's high end products.)
Not too many people on Head-Fi know much about the Blue Circle SBH amp, but it got some great reviews and that is why I bought the Hat Peed for a second system. Overall, I would say that the Hat Peed Thingee is the best solid state headphone amp I have ever heard. It easily beats the TTVJ FET-A, which I have demo'd, and the RSA amps I have heard at a similar price point, which just never impressed me.
Most of my headphone listening is through JVC DX1000s, but I also use my HD650s on occasion. The source in my headphone rig is an Eastsound E5. I have not done any audio reviews, so my ability to describe sound is somewhat limited. I can compare the Hat Peed Thingee to my main rig, a Singlepower Extreme Platinum that I have "tuned" through a large investment in NOS tubes and a lot of tube rolling. I am currently using some Mullard and JAN tubes that cost about $500 in the Singlepower amp.
All I can say is that Gilbert Yeung at Blue Circle really knows what he is doing. No, the Hat Peed does not sound quite as good as the Extreme but it comes very, very close. The Hat Peed is a very musical and involving amp. You can listen to it for hours without fatigue or boredom. It has a tube-like mid-range and really solid bass (the latter may be a result of the Biggie Pipe power supply). It sounds really good with rock music, which is what I primarily listen to.
The Singlepower Extreme offers better high-frequency detail than the Hat Peed Thingee, a slightly bigger soundstage, and slightly more low-frequency detail. As a result, the Extreme is a slight bit more resolving. But the Hat Peed has more bass quantity and a little more PRAT than the Extreme.
Overall, I highly recommend the Hat Peed Thingee. It gets you very close to the sound of a high-end tube rig at a fraction of the cost.