So, I've also received mine today, but I'm really disappointed. I compared DX1 II with my old DX1, and with the same headphone, I see a big difference in power output of SE 3.5 out - same headphone (32Ohm Adam Audio H200) with same Low Gain setting - it is about 90% (-18..-16 dB) for DX1 II and about 50-55% for DX1 volume knob. DX1 max power output is rated as 280 mW @ 32 Ohm, and DX1 II is rated as 510 mW @ 32 Ohm. So I expect to have the same output level for DX1 II low gain as for DX1 high gain, or about 75-80% of DX1 High gain mode. I expect the analog knob in DX1 will not match (digitally regulated ?) volume level setting of DX II, but anyway, low-gain mode in DX1 II should be more powerful and closer to high-gain mode in DX1. Or I'm wrong, and the digitally regulated step has a completely different amplification multiplier? And this "extra" power, for example, can be closer to a 0 dB volume setting? Let me clarify: for the same audio track with the same headphones, my comfort level of loudness for DX1@Low gain is about 50% of the volume knob, and for DX1 II@Low gain, it is about -18dB (~90% of the volume knob setting). Both USB DACs are connected to the MBP 14" with the same audio software.