I have to make a comparison between the Dali iO-12 and the B&O H95, as this has been on my mind recently and I don't want to buy two expensive Bluetooth headphones. First of all: I like the H95 a lot and I find it underrepresented in the thread so far and would like to counterbalance it with this post.
Sound: Yes, the sound is better with the Dali iO-12. A clear step forward, the music sounds more authentic, with a larger stage and clearer instrument separation. I wouldn't disagree with that, although I am a beginner and not experienced as many others here with hearing the difference in sound. However, the difference is especially audible when you hear the headphones in direct comparison. But that's the thing: if you listen to music normally, you never hear the headphones in direct comparison.
I also listen to a lot of electronic music, so the quality of the bass is very important to me and the sub-bass of the H95 is unrivaled so far, the treble is never really sharp. The ML 5909s were too stressful for me (I even got headache), where the treble was too sharp (comparable to the iO-12s, although the iO-12s aren't as exhausting), the H95s are perfectly balanced and don't distract from the song. However, the Dali iO-12s remain unrivaled in terms of soundstage. Nevertheless, the H95s always remain interesting thanks to the EQ option and are by no means bad headphones in terms of sound and are better than the majority of Bluetooth headphones such as the Bose QC, Sony MX series, AirPods Max and others.
Comfort/feel: Due to the lighter weight and better fit, the H95s give me a better grip on my head. I can bend down/look down with them on without them slipping off my head (unlike the iO-12). When I lie down and turn my head to the side, I press the buttons on the right ear cup of the iO-12. Also, the H95s are not pushed upwards by the pillow when I lie down, as is the case with the iO-12s due to their large design.
Even more than with the iO-12, where there is quite a lot of plastic and silicone, I really enjoy looking at, touching and putting on the H95s. The design is simply sexy, the ear cups are largely made of aluminum and the rest of leather. In addition to the enjoyment of music, there is also a pleasant feeling of value, especially with the H95s.
UX: In contrast to the sound, where differences are only noticeable through direct comparison, the operations is always present when using the headphones. And here B&O is simply unrivaled. I thought I was a fan of touch operation and automatic start-stop when taking off/putting on the headphones. But after several months of testing various headphones, I've realized that I always have to search for buttons, which takes longer to operate and the automatic start/stop function never really works that way. In my opinion, B&O has done everything right here: In every position, the sound can be changed quickly in smaller and larger steps using the rotary ring. The touch controls for start/stop, next/previous song are also really quick to use without having to search for buttons or operating errors. They always work. The iO-12 is definitely good too, as the buttons are large due to the assignment of the entire ear cup. But with the H95, everything is simply even quicker. And with around a hundred operations per day on the headphones, this is noticeable for me.
Price: With a bit of luck, you can currently get the H95 for half the price of the iO-12 (and the battery can possibly be replaced by yourself compared to the ML 5909). And there are fewer problems with a headband coming loose, as was often the case with the Px8 in addition to the ML 5909. But well, even the H95 are not spared from problems and there have already been a few warranty cases on the web, even if they never seemed that serious to me and so far everything has been solved by a very generous warranty handling by B&O.
Thank you for giving me the opportunity to share my thoughts and exchange ideas with you. It makes our hobby twice as exciting and entertaining!