I had a chance to compare the Pico and Predator head to head briefly at CES with Jude.
Jude brought his Predator, and I brought my Pico. We compared with my Fujitsu P1610 using Foobar and FLAC files.
Overall the biggest difference I noticed amp-wise, is the gain levels are significantly higher in the Pico than the Predator. The Predator has three levels of gain, with the lowest allowing a pretty large range of volume control. But the Predator does not amplify as much as the Pico does, so those with HD650's and K701's may disappointed with the Predator compared to the Pico when it comes to straight volume levels. So for those with highly sensitive IEM's might find the Pico to have very limited and touchy volume control with the Pico, while the Predator has a better range. However the Predator won't have as much volume output as the Pico, as it simply "out-amplifies" the Predator by a significant margain.
Overall comparing the two USB DAC's I do prefer the Pico more than the Predator, I am a detail freak and listen to a lot of classical music, but also electronica and jazz. I also love female vocal music as well, so mid range is important as well. With the Pico's DAC I hear more detail, and better instrument separation. I'm not saying the Predator's USB DAC is crap, far from it. The Predator's USB DAC is Very Good. But the Pico's USB DAC is Great.
There was one major issue with the Predator. The USB DAC section in the Predator seems to be more prone to noise. With my Fujitsu P1610, the Predator was quite loud hissing noise at all gain levels. Pretty much made IEM use un-listenable. The Pico on the otherhand was dead quiet. I tried a few USB cables and different USB ports, but the result was the same. Using the Predator's analog input only, it was quiet. So the noise is coming from it's USB DAC, no the amp. The Pico was dead quiet no matter what I plugged into it.
Of course, this seems to vary depending on the computer. Talking with Jude, he had issues with the Corda Move hissing like crazy with his Dell laptop, while the Headroom Total Bithead did not. So it can be somewhat of a crapshoot there.
Just out of curiosity, I think I'll be plugging my Pico into various laptops and computers I can find everywhere, seems like Bestbuy and Fry's would be a great place to start.
Although I will bet that I'll be wasting my time, as the end result will be the same.
-Ed