So I went ahead and got one, just for kicks. The point of reference is my HM-801, so it's definitely facing some stiff competition. First impressions are that it's definitely not on the same level, in pretty much every regard. Detail retrieval, frequency extension, imaging, richness...everything feels more cramped, less subtle/detailed. This is to be expected. What I didn't expect is that it wasn't exactly blown out of the water either. It holds its own very well against the S:Flo2 I just sold, and it has a DEAD black background with my high-sensitivity IEMs straight out of the internal HPA. No hiss whatsoever. This alone is extremely impressive. Now, I'm picky enough to actually lug my HM-801 around with me on the train to and from work. However, that said, in terms of a little something I can just clip on and run with, with some FLAC or high bit rate MP3s and my trusty NuForce NE-7s (a very underrated budget phone imho), this is perfect. It certainly blows the socks off of any of the iPods I had sound quality wise. Honestly, it probably competes with anything I've ever had short of the HM-801, which competes with my desktop rig. All this for 50 bucks? Um, yes, thank you. I genuinely love budget audio gear of this caliber, because I can't exactly tempt my friends away from their iPods with 800 dollar DAPs. But when you consider that this + NE-7, or any of a number of quality sub-50 dollar IEMs gives you a genuine mid-fi grade experience for under a 100 bucks? Heck, if you figure an 8 gig iPod nano is 150 bucks, for the same price you could have this plus a set of RE-ZEROs. Or for 200 this plus a set of DBA-02s? At that point, it's probably a darn good setup. This is the perfect gateway drug.