I stumbled upon the ERS cloth randomly browsing sound forums. I didn't even know EMI/RFI was a thing, but apparently it affects many electronic components. Curious, I went to this site and ordered one sheet:
http://www.musicdirect.com/p-7021-stillpoints-ers-cloth.aspx
Very cheap, so why not give it a shot? I read some reviews saying it improved the character of the sound by removing interference that can manifest as grain, or harshness, and make things sound more "digital".
There isn't much of a blueprint online for how to use the stuff, I had to go by various anecdotal accounts... some people put entire sheets around interconnects, power cables, inside DACs, amps, CD players, etc... some people use very small pieces on microchips.
The first thing I did was cut a piece big enough to fit inside my Modi 2 DAC. This definitely changed the sound, but it was hard to tell whether it was good or bad... I had to listen for a while to come to the conclusion that the sound was "bleached", just sort of scrubbed of character and had gotten a bit flat. It was too much, which I'd read could be a problem.
So decided to cut very small pieces that fit over the individual microchips inside the Modi 2, and that was definitely a huge improvement. It's hard to do it justice with words, but a layer of "digital grime" I didn't even know what there, had been completely removed. As a result, the sound became much more "realistic" and natural... everything just sounded real... I know that's vague, and it's not like I would've said the sound was "fake" before the modification and I was perfectly happy with the way it sounded before (besides the harsh edge to certain music), it's just that I didn't realize how inauthentic the sound actually was until the EMI/RFI was removed.
A tried various configurations of the ERS paper inside my Denon receiver, but nothing I did made any difference on that front. I even tried wrapping my power cord with the stuff... no difference. At one point I opened my laptop and put small pieces over some of the components, but this had a negative effect... again, the sound became "bleached" so to speak.
THE most significant improvement came from putting small bits inside my DAC (over the microchips). I applied this same method when I got my Bifrost. Before I did it though, I wanted to listen to it without it to see what it would sound like on its own. I was extremely impressed... the Bifrost 4490 is several steps above the Modi 2 without question.
BUT, I still recognized this "digital harshness" that was present, since I'd gotten to know it so well, making the change with my Modi 2. It wasn't as bad with the Bifrost, but became impossible to ignore once I knew what it sounded like. So I did the same thing I did with the Modi 2, put pieces small enough to fit over the microchips inside the Bifrost (and also a very small square piece over the power transformer), and holy schiit it was... hard to put into words, but again, it was a significant improvement in terms of "realism". Any sense of "digital" was completely removed, and it was just the music, as if being played live. I experienced this to a small degree with the Modi 2, but it was way, way more pronounced with the Bifrost, since it has a much better DAC.
At this point I'm never buying a DAC without using the ERS paper. The difference is too dramatic for me to ignore. I went from enjoying my music with some caveats, to being completely enveloped and almost overwhelmed by it. These are my own person experiences/opinions, and should be taken as such. My advice is, since the ERS paper is so cheap, there's no reason not to try for yourself to see if you get any results. Everywhere I've read said they got the best results using it inside CD players (which has a DAC in it), or inside DACs... and this was also my experience.
An important tip... if you cut the ERS paper, make sure the edges don't touch any electronic components, as it can cause a short. I used double sided tape on the bottom of the pieces and placed them on top of the chips, which seem to be fine. Or you can put tape on the edges, but if the pieces are small, it's a but trickier. It's something you have to DYI and experiment with, which does make it fun.