Ok, so as promised, the clash of the titans! Chord Hugo 2 vs iFi Micro iDSD Black Label Tested with Fostex TH-900 MK2 and Dunu DN-2000J First impressions are very positive since the BL does everything that the Hugo 2 does and more. First, the BL sounds purer, more detailed, cleaner, background sounds that the Hugo 2 almost masks, are audible with authority in the Black Label. In terms of separation and soundstage they're pretty much on par, but the treble of the Black Label is stunning, more alive and sparkly, the overall experience ends up with the Black Label giving me the most immersion in the music. The BL has also better dynamics with low impedance headphones, since you can't change sensivity/gain on the Hugo 2. The livelier, less recessed treble also contributes for that. The Hugo 2 will leave and I think this summs it up. The Black Label is the better sounding DAC for me. EDIT: the Xbass+ is great, but I don't seem to like the 3D Holographic effect much. Or at least for now. EDIT 2: The experience with the FOSTEX TH-900 MK2 is nothing but incredible. If they sing with the Hugo 2, they jump all over the table with the Black Label. So pure, so refined, so dynamic, so immersive... I think the Black Label opens a new world to TH-900 MK2 owners.