Okay. First post on Head-Fi. Been a lurker on this board ever since it's up. As there's a lack of big website reviews and updates, this is the only place to peruse information about this product. For that it is much appreciated!
I feel obligated to contribute

.
I'm not a "serious" audiophile by any means. The 20-odd years of enjoying music have been on headphones and IEMs that is not more than 400bucks (self inflicted). Demise of headphone jacks led me to OG BTR3, Helm Bolt, iBasso DC05 (same chips!) and the hip-dac2. As much as I love the ifi beauty, I just got weary of stacking. Thus on a look out for a DAP.
Pre-ordered from a local
café (awesome fellas!) almost a month before the YouTube "event". Had a quick audition there and at the price point, I guess the new R5 is the one.
Audio-wise (overall): if the hip-dac2 is velvety, the R5II is clinical. Like an impromptu live jazz in a bar vs the same band in a studio. I believe my impressions are similar as already detailed by others on this thread.
Audio-wise (Class-A): it's not night and day definitely. But personally it is significantly distinguishable. Same layered cake, same baker, same ingredients but somehow for the premium priced (i.e. battery drain) batch you have the sensations of the different layers crumbling in your mouth. Can get tiring (not in a bad way, mind) and more often than not a straight up pleasure is all one needs.
UI/UX: Coming from a Galaxy Note 20, the sluggishness is apparent. I use this as select playlist, press play and forget so this doesn't bother me much. Using the cover kinda flattens the right side control button, making it difficult to differentiate while in pocket; I turned off the functions while screen is off. Volume controls on the left is fine as there's only 2 buttons there vs 4. With regards to the EQ, with the help of info provided some pages back FR is easily adjusted (minor for me, at max +/-5 out of +/-100) to taste. There's OTA firmware update capability, but it's v1 is still current and there's no testing of that yet.
Battery: lasts as advertised.
Overall: no regrets; enjoying it as I'm typing this out.
