This is what I posted yesterday on the "waiting for Xin.." thread. Sorry, I should have posted here.
My fourth generation SMIII - IV arrived last week. (It's been in the shop four times for the latest mods over the past year or so.) I have been listening to it off and on this week and there are some interesting differences to me that have emerged. This is not a review, but just some cursory observations between what I remember from when I sent Xin my SM for the final tweak/upgrade/modification some time back in late September, 2006 (yes 2006 not 2005!!!). They are these.
1. Whereas before the volume to drive the K81DJs with a 4th gen. iModded 60gb iPod with no switches enabled was at about 1 o'clock, it's now at 10 o'clock. More power?
2. The noticeable veil on high frequencies, especially with solo piano, has gone completely.
3. The presentation is clearer and the frequency categories (highs, mids, lows) more coherent and continuous. I often thought the mids were a trifle muddy and hard to distinguish from top and bottom, but no more.
4. I really think the soundstage is even bigger, something I thought impossible! I will need to try my rig with my AKG501s and really hear sounstage at its fullest!
5. On good recordings, I am not hearing any fuzziness (sorry not very technical speak here!!) that I would occasionally, but maybe that's more related to 2 and 3 above. But beware of poor recordings, you'll hear every flaw. I was listening to an older recording of Brendel play Beethoven piano sonatas and the veil and roll-off on the original CD are really readily discernable. Still some great perfomances though!
Sorry to disappoint if anyone was expecting a review. Plus, please remember the contrasts I list above are based on memory not side-by-side comparisons. Caveat emptor!
I sum, I think that what I have is indeed a better product. I thought it was good before, but my ears say even better now.
By the way, I never had to pay for any of my mods other than postage to Oregon. The longest I had to wait was three weeks. Yes, there were long periods of silence, but the wait was worth it.