Wadia 121


Has anyone here had a chance to listen to the new Wadia 121 DAC? It looks very interesting but I would like to hear some opinions on it's performance. I'm assuming some magazine reviews will be out soon.
Cheers
128x128snackeyp
OK - this is a REALLY preliminary offering. The Wadia arrived at my office about 2 hours ago. Took about 2 minutes to unpack it and set it up. I'm listening to it with the following setup:

MacBook (running Audirvana Plus) -> Pangaea pure silver USB cable -> Wadia 121 -> Kimber Hero balanced cables -> Rotel RB-991 power amp -> Hovland NineLines speaker cables -> Meadowlark Kestrel Hot Rods. (I know this system is not in the same league as many of yours, so take this for what it's worth.)

Also listening to it directly through Sennheiser HD-600s

I bought the Wadia to replace the Cambridge DacMagic Plus I bought and returned 2 weeks ago. I'm running the Wadia in preamp mode direct to the power amp. There were some comments in another thread that using a dedicated preamp is preferable because digital volume controls degrade the sound, especially at low volumes. Wadia strongly disagrees with this. From the manual (which comes in pdf form on a flash drive):

"We strongly recommend that you use your Wadia 121Decoding Computer connected directly to your power amplifier. Even if you purchased your Wadia 121Decoding Computer with the intention of connecting it to your preamplifier, we suggest that you try direct connection to your amplifier. Many listeners are surprised by the improvement in performance over even the most expensive preamplifiers."

"Does the Wadia Volume Control compromise resolution?

The Wadia 121Decoding Computer uses the latest generation of Wadia’s proprietary digital volume control. The volume level can be varied in the digital domain by means of mathematical manipulation of the signal, eliminating the distortion and noise that are inevitable with even the best analog volume controls. While conventional thinking indicates that reducing the volume digitally can sacrifice low level resolution, Wadia has created an innovative solution. Wadia’s patented digital filtering algorithm produces a 32-bit output. This high-resolution signal is then used in the computations that in turn reduce the volume level. This new signal is fed directly to the DAC chips. Through this innovative method, the Wadia 121Decoding Computer maintains high resolution even at the lowest volume control settings."

"Can I bypass the Wadia Volume Control?

Because the Digital Volume control does not include any analog circuitry, there is none to be bypassed. Even the mathematical program step that performs the Digital Volume Control calculation is an integral part of the Wadia DigiMaster filter algorithm and therefore cannot be bypassed. If you do not need the Wadia Volume Control, set it to its maximum level on the LED display."

My first impression is that, right out of the box, this is a really big step up from the DacMagic Plus. My biggest complaints about the DM were sibilance and a thin low end. Immediately, the Wadia improves in both areas. I cued up Lyle Lovett's track "Since the Last Time" from the ripped in Apple Lossless from the Joshua Judges Ruth CD. This track is a great song, but was really grating on the Cambridge. Every time Lyle said an "S" word, it was like fingernails on a chalk board. Not with the Wadia. The bass sounds much fuller too. Experimented with some more tracks by Glenn Gould, Art Pepper, Bonnie Raitt, Radiohead, Magnetic Fields and some Skatelites and it all sounds good.

Next step - I desperately need a rug in my office!
@Mateored, thanks for the feedback. It would be great if users share experiences with similar priced gear on this thread as well. Im probably demoing some gear next month.
I think the most comparable piece in terms of price, features and performance is probably the W4S DAC2. There are some direct comparisons over at audio aficionado.com
I just ordered my 121 yesterday so I will report my findings when it arrives and I have had some time with it. Unfortunately I am told it will take almost a month to arrive as it is back ordered. I am buying locally from my dealer, so I am willing to wait, even though I see they seem to be in stock on a certain website I often buy vinyl from.

I am very excited to hear the initial reports on this DAC. One thing I would like to hear more about is the headphone stage. This is one of the reasons that swayed me to buy the 121 over the W4S DAC2 and Metrum Octave.
This is a wonderful sounding DAC I have had the 121 for 2 weeks and loving it.The headphone output is pretty dang good to.