Oh man! SMSL needs to get their act together. First the SU8 disaster, then the M500 mess and now the M400 crisis (coz it is very expensive!)...technically off course, may not be sonically!
I was myself a beta tester for SMSL when i bought their earlier batches of M500 stock and then the whole chip heating up and losing performance mess happened. I was fortunate to get a new one and still am using it, but the scar remains.
From what ive read on this thread, Amir didnt detect any issues in the DAC apart from the lower SPDIF input performance. He didnt detect linearity issues as he stated its 'text book perfect' or something (unless that linearity is not the linearity later found to be tilted clockwise). Then came some news about the M400 being a non-linear DAC...kind of having a clock wise tilt in FR...which was such a bummer already. Then came the explanation from SMSL that RCA has been made DELIBERATELY in such a way for that output to sound more musical
...thereby admitting to the crisis and Quality issues with the expectations that the users will replace caps...for a USD 810 Chinese device...sorry to sound redundant as if i am repeating the story but WTF SMSL? Cant you guys make one high end DAC right the first time around like maybe Topping does?
PS. I love the fact that we live in this era when manufacturers cant really get away with selling sub-par products without them being called out...