Today my Asgard 2 arrived. Now I can compare that to the Vali. I will probably keep both Schiits.
That Asgard 2 sounds very good.
I recently received my Asgard 2, as well. I also love how it sounds.
The Vali and the Asgard 2 are both great sounding amps, but they do sound quite different from one another.
You know what the Vali sounds like, given this is the Vali thread.
The Asgard 2 is smooth, warm, composed, and relaxed. A calm and controlled sound with nothing out of place and no rough edges. Perhaps not the ultimate in transparency, but a very relaxing and well put together sound.
The Asgard 2 has more power than the Vali, and because of that I prefer it over the Vali with both my HE-400 and HE-500. It has more grip and more of a sense of control. The Vali loses out in authority with these phones, in comparison.
The AKG Q701 sounds very good on both amps. Different sounding on each amp, but both very good.
Both amps are great, but mating each of them with the right headphones brings out the best from each. They really don't compete with each other, but are superb amps with their own unique sound. Having one does not negate the other, IMO. I'm happy to own both.