So recently I've been through several dacs in the search for a successor for my hrt music streamer II+. Everything was paired with my Polaris and HD600s.
The iFi iDac2. Exceptionally digital sounding. Might be good for people who like electronic/techno, etc, but otherwise should be avoided. I have no idea why this is a seemingly popular amp here on headfi. It sounds nothing like real life. It's also a bit shouty. It does make instruments jump out at you from the background in a very in your face kind of way. That might be why people call it "fun".
The Meridian Director. Contrary to the iDac2 this dac is not digital sounding. It's lifelike. But man is it boring. It does drag everything out of the background detail wise but it doesn't do much with it. There's no sense of experience, it's just rather flat. I can see people who like detail but don't want an abrasive dac really liking this dac. Would be good for things like jazz in particular.
The HRT Music Streamer HD. A very worthy successor to the Music Streamer II+. A happy compromise between the styles of the previous amps. Very detail driven, but with enough grunt to make you take notice of of the music without abusing you.
The Schiit Modi Multibit ( Mimby ). This is the best value in the price range. Exceptionally organic sounding. It has a quality every other dac in this list lacks. It's really like listening to a live performance. After trying this dac I am a firm believer in multibit. Not as detail oriented as the Meridian Director or HRT Music Streamer HD, but makes up for it in spades with a natural sound. It sounds like life, a very hard observation to put into words. Even losing a bit of detail I would pick this dac every single time over the more detailed Music Streamer HD. I really wish I could convey more accurately how amazed I am at the multibit experience. Part of the difference in how I feel about this dac can be contributed to the startling clarity. Toslink is HIGHLY recommended over usb. It is in my ears a clearly distinct difference, to the point I won't go back to usb, having run both through this dac. Once the usb haze is lifted you realize what you've been missing. Here's the best part of this mini review : this dac costs less than all the others listed. Go get it. (Now I want a bifrost multibit, damnit).
I wanted to thank Jeremy for the continued service of my Project Polaris, a beautiful little amp that just keeps giving, and makes determining differences between these dacs so easy.