Ended up getting one under 600, which is as low as possible right now, aftermarket is 700-800, and a rare ebay auction just went for 630
Anyway, have some findings so far
I've been using it with my AppleTV as source, trying out both the HDMI and Optical inputs. I was hoping the HDMI would have less jitter or perform better than the optical out, but I can say finally that the optical wins hands down. Vocals are cleaner and there's more separation. Toggling inputs sounds like changing modes, despite it being the same digital source. I cant say whether the AppleTV HDMI out is to blame, or the HDMI in, but I'll be sticking with optical.
Tried checking the firmware and while it shows up as the latest, the mode that displays those options only shows up for like 2 seconds before the whole screen goes blue. Likewise, when trying to update the firmware it just hangs on the "Bootloader 1.21" message.
It was mentioned earlier in this thread but no follow up - anyone else have this issue? I guess it doesn't matter if I'm on the latest firmware already...
Finally, I compared this with my Topping E50. AppleTV HDMI out went to the NAD, and the optical to the Topping, and each output to a different RCA input on my amp, and A/B tested the sound. At first they sounded identical, but after a bit I started to notice the differences. The NAD has a slightly more expanded sound, more range...I can hear it at the top of my ear lobe (Darwins Tubercle) and once I pinpointed it going back to the Topping kinda sucked, like it was filtering out some frequencies (like a micro hi-filter). Everything else sounds great on it, but that vocal clarity is something else.
On the flip side, I cranked the volume on my amp and listened to both, and the NAD makes much, much more noise. While the Topping is quiet, the NAD has some white noise that comes through with enough volume, and every 2 seconds or so there's a consistent 'blip' sound, like a metronome. I'd never hear this stuff in listening, but it does kinda suck that the $300 DAC is winning here. That said, the NAD clearly sounds better for music, and that's what matters.