I finally received my Holo Cyan 2 yesterday and set it up (not exactly intuitive). My buddy Cam helped me get it dialed in so I wasn't floundering all night, and I was running PCM 768 and had the DAC correction in place. Holy smokes, I just have to really hand it to Jussi for what he's brought to digital audio. I told Cam today I consider HQP a component in my system no less than a DAC or a preamp. I'm sure the Cyan sounds great without HQP, but without directly comparing all I can say is this DAC with HQP/correction is ridiculously good and I can hardly imagine what a May KTE sounds like if it's sibling that costs 1/5 sounds like this. Switched to DSD tonight, I'll be listening all weekend to understand what the differences are, but right off the bat I hear less air/sparkle, a slightly more laid back presentation, and incredible holographic and 3 dimensional presentation. Timbre maybe a bit warmer and more organic, but that's an early impression. I'll report back after several more hours of gleeful listening and toggling between PCM and DSD, but this is an embarrasment of riches and either way it's a big win as far as I'm concerned. I'll also compare with/without DAC correction, because I have a suspicion this feature alone turned my Cyan into a Spring KTE if not more. It just doesn't seem possible this DAC could be so good for $1200, and clearly mop the floor with the R26.