Just got mine yesterday. VERY nice!
Solid, great looking DAP. So far about 6hrs play time with only full size phones. Currently playing with Enigmacoustics Dharma 1000 on ROCK EQ setting. Truly revealing and clean. Has very fast forward sound but imaging is excellent. Has good amp power for full size phones up to 300 ohm. With Beyer T1, you have to get it up to about 55 to get solid sound. But anything 300 ohms and under is no issue. Currently playing 16/44 CD quality PCM files.
Player shows good separation and spaciousness. Sound stage is average but solid sounding. Depth is neutral I find (vocals are not in your face nor lost in the background).
Quick comparison:Solely my opinion here! Everyone is different.
Cayin N6 is more laid back and dark, L5p is more revealing and clean sounding. Overall better SQ on the L5P.
AK 120II................great for IEM's but not nearly as capable in power or SQ as L5P. L5P at 1/2 the price is superior in every way on full size cans. But I think all AK players are way overpriced for the return on investment in SQ. Stick to IEM's on 120II. L5P is nicer sounding and more enjoyable with pretty much every genre I've thrown at it.
Cowon Plenue P1..................this is a toss up to preference. P1 is great with the Jet Effect and EQ settings. I personally call this one a draw........each has it's strengths. Pretty even in price so makes sense. For the money, both are great units that are approaching true audiophile level.
HiFiMan 901s with balanced card...................great player with lots of power. Has a warm natural sound. UI is slow and somewhat archaic. L5P is very close and beats it in some regards (imaging, clarity). This is a personal preference though. With the standard amp car on HiFiMan 901s, L5P beats it. So on a level playing field, L5P is $600 USD less for comparable performance.
Headphones: Dharma 1000, Audeze LCD-X/XC, Senn HD700/800, AKG K812, Beyer T1/T90
All sound great! L5P sounds fantastic with Dharmas and Audeze phones. A little too bright with K812 and HD800.
It really needs the firmware upgrade to add more low end extension. With that added, the AKG's and Senns would be wonderful and not as clinical.
More to follow.