Following my short paragraph on flaws, I have to stress that the Chord Hugo DAC and head-amp is an absolute killer device. But you already knew that because people have probably been telling you that for a while now. It’s the Swiss army knife among portable DACs and it has an incredible headphone output (well, three) as well. Build quality is superb, too. But most of all, the sound is very truthful to the source with an organic and realistic feel like I have rarely felt. The crossfeed network is implemented perfectly and overall Hugo is capable to put many home set-ups to shame while neatly fitting into most pockets. This is reference material!