As one can tell from my prior post, I broke my ps1 out for the heck of it this weekend after a few years. I must say my initial positive impressions remain. Forgetting the ergonomic eccentricities, it remains a very NON-fatiguing listening experience. What i mean is one can actually listen to this thing for hours at a time without digitally induced headache or stress.
The resolution or lack of resolution issues remain, and it does not plumb the depth of bass. Also the high end is really quite nice, and unlike even much more expensive digital equipment, it gets high hats right, which is the bane of most dacs. Also it seems to do decays much better then most.
All in all i still rate this a must buy for the price and dont care about measurements, cheapness or jokes-it is still a viable option. Particularly for those who never really loved digital.
And yes, ive used some good dacs in the past...