There is (and can be) almost no vertical air flow in this design. The entire area is blocked by the PCB - where are you expecting air entering the bottom of the case to go?. The thermal design relies almost entirely on conducting heat to the chassis. There will be some small trickle of air out of the side vents, fed though the small gap between the edges of the PCB and the housing.
V3 Stereo seems to have an evenly big PCB (didn´t make any measeurements) and there is significant airflow through the unit (bottom to top).
You can feel it and make it visible with a little smoke.
But I do agree - V3 mono relies almost entirely on conducting heat to the chassis.
This is the marketing image for V3 stereo taken from FOSI website for the V3 stereo:
Result: maximizing conductive cooling by heatsinking the IC to the chassis (I believe this to be a good choice) and benefiting from airflow.
This is the marketing image taken from FOSI website for the V3 Mono:
Result: Nicer looking unit same conductive design BUT no more (significant) airflow.
I did believe in the advancement, thinking the hole on the sides were additional and not the only ones)
The measurements I made upuntil now
(Post #3339 in this thread) show clearly that the V3 stereo thermal design is way more effective. I think FOSI made a visual design choice without testing the thermal performance and called it "Advanced Cooling Design".
I would really like to see how the V3 mono would perform thermally if you were to put holes in bottom and top. But I am too scared to drill holes in anodized aluminium. (maybe chipping of black color) - did anybody tried this?
@Fosi Audio Maybe it would be possible for FOSI to offer/send out a replacement for just the middle part of the case with holes in it. So that users could replace it on their V3 monos and hopefully get the same thermal performance as with V3 stereo. I wonder how much the middle part of the case does cost in production. Probably the mono one with the orange side-holes was more expensive, than the original (V3 Stereo) one.
And I myself really do like the design of these holes. If I were afraid of dust i would just glue a black net underneath - same as my computers do protect themselves against dust.