Till date, the L5 is still the best DAP I've heard, although admittedly, I've avoided some DAPs due to their sheer costs, such as those AK DAPs above AK100II.
However, this device is so full of issues (besides the SQ) that I skipped over the first Massdrop, and I'll likely skip over this one too. Some issues:
QC: Screen cancer, where some units' screens started going dark and turning black at the edge, working their way inwards
Laggy touchscreen: Most of the time, it's just faster to navigate the UI using buttons rather than the touchscreen
Extremely basic file sorting, UI, and playback functions: Unless you are the type that will just press play and forget, you'll find the functions inadequate. I need at the very least the option to browse by artists, albums etc.
A work in progress.... that may never end up being done: Presently, Luxury and Precision is regularly issuing firmware updates but now that I know that they are working on the L5Pro too, I have no idea when they will just give up on the L5, and by then, if there will still be any issues.
While I'm currently waiting for the L5Pro, the price may end up out of my reach.