I used the Havana 2 for a long time and still consider it fantastic and one of the best DACs I've heard regarding my particular needs/tastes in music playback.
Although the Stockholm 2 and Havana 2 share the vast majority of each others circuit design, I still find the Stockholm v2 to be a slightly better DAC ... a tad more resolving, better micro detail and overall, though still that awesome NOS/R2R sound, the Stockholm v2 is just not quite as "laid back" as the Havana 2 ... this might have to do with the one major difference between the Havana 2 and the Stockholm 2 ... that being that the Havana 2 maintains the use of the PCM56P DAC chips internal OPAMP whereas the Stockholm v2 has done away with this completely and is purely discreet, bypassing the PCM56P's built in OPAMP altogether ...
That said ...
The Pagoda is very interesting to me since not only does it maintain this fully discreet circuit (like the Stockholm 2) but it also uses a completely different DAC chip(s) in the circuit, the PCM 1704, which, as with the PCM56P, I've read *many* great things about ... in fact, the PCM 1704 seems even more universally lauded in the boutique/"antique" DAC scene ...
Further, though not a frequent hi res listener, I'm also intrigued by the fact that the Pagoda maintains a 24bit signal from digital input all the way through final output (whereas both the Havana 2 and Stockholm 2, both output in 16bit format) ...
So yeah, looking forward to the listen/comparison ...
I'll be posting a link for sure once I get the review done; DAC is currently burning in and I'm not going to give it much attention for at least a few days of continuous play ...
More later,
Joel