The comments i made about anemic output were for USB mode only. It was comparatively and jarringly "hot" on other outputs, which means you had to be careful to turn down volume to 10 or less when switching inputs, or you'd be blasted by sound.
The update to the 1.04 -> 1.07 indicates, per
@SMSL-Mandy "The new firmware. Mainly solve the problem that some users have proposed before, the Android phone sound is small when connecting with M500" ... I'd say the reason for the delay/wait for Amir's review was that SMSL wanted to ship the upgraded firmware. Which is good because that is the unit people will be purchasing, after all the complaints about issues with 1.04 firmware.
Since android uses Linux underneath, the "android phone" fix should also apply to my use-cases of Linux and Android-TV (NVIDIA Shield Pro 2015). Alas, since the firmware upgrade requires windows or mac,I cannot verify and am sending my unit back via amazon prime free returns (which was why i was willing to gamble purchasing an unreviewed unit in the first place).
But like I said, on Coaxial input fed via USB from a Topping D10, or by a Raspberry Pi with DigiPi HAT, it sounds really good, better than the Topping DX7S it was to retire.
One test I'd like to see
@amirm add to all his DAC tests is a 50Hz square wave signal fed into the DAC and measured at the XLR outputs under specified XLR balanced cabling impedance (600 ohms i believe) load. So as to see what the output op amps slew rate and output capacitors do to the bass response of the unit, especially in driving a "real world" length of XLR cable say 6-10 meters (and maybe a second measurement with 10-20cm of cable, aka little inductive and capacitive load, as "control"). Because it's easy to measure a sine wave down to 20Hz, but most of the "bass" we hear is a fundamental and overtones, so if analog outs can't pass a nice 50Hz square-wave with relatively sharp edges, and without phase delay between fundamental and overtones, the bass will sound all wrong (aka lacking in "thumpiness" and "attack" characteristics).
Likewise love to see a "teardown" or circuit diagram of the XLR output circuitry of the M500 vs the Topping DX7Pro -- what kind of op-amps, coupling capacitors?, DC coupled (if only...), real balanced (using a pair of amplifiers) or "fake" balanced output (using a single amplifier 1/2 noise and distortion, but can't drive a long XLR line), etc ????
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