I'm so happy to see this review, as I've been listening to this bargain amp for a few weeks not knowing how it really measures up. I have it paired up to some KEF Q150s, and am very pleased with the setup. Turning the unit on, there is a 1 second delay before it comes to life with no pops or unexpected noises. Turning it off, the output ceases immediately. There is a very slight hiss when the input is muted, but it's only audible with my ear pressed against the tweeter - something you'd never hear from a listening position. There is also a slight imbalance at low volumes, which I was expecting, and all the more reason to crank this thing up. Using an alternate PSU, I think you'd be very hard pressed to find something that sounds as impressive under $100, especially within a quart sized package. Indeed money well spent.
For those deciding between the A04 and A07, the A04 available on amazon does not include a power supply. As Amir has mentioned, the A07 does, and that easily makes it worth the extra $20. I had originally ordered an A04 based on some ACR forum praise, but that unit suffered from turn on pop from a faulty anti-pop circuit. I ordered a second that works as expected, so these things are not without QC issues. Ultimately, I have opted for the A07 as it out outputs quite a bit more into 8 ohm loads, and the THD performance is close enough between the TPA355x chips.
The 32V 5A supply that is provided is better suited for the A04. I have opted to power the A07 using a 350W meanwell supply from mouser (whudda deal at $32):
meanwell LRS350-48V. I also purchased some
16awg DC plug pigtails from amazon to make things easy. The 50V electrolytics do not leave a lot of wiggle room for a 48V supply, but this one regulates down to 42V. I think it's good to leave some safety margin considering the unit runs hotter at higher voltages and the caps are right next to the heatsink. I've yet to hear the smps fan engage, and both the A07 and meanwell run quite cool during extended playing. I do not measure any mains hum at the meanwell output, and am definitely curious how this supply or other reputable supplies would impact the SNR.