Thank you for your impressions. I received mine end of May, and it's truly phenomenal. We had the III, upgraded to the IV, then got the V. For the first time in years, I tried out something other than my Purist cables. I moved Shunyata PCs around the components, and Omega ICs to the monoblocks, and the DAC (and amps) not only kept up, but dramatically opened up the music, the dynamics, soundstage, and intimacy of the performance.
The frequency extension and instrument separation is among the best I have ever heard. When the music layers up with multiple tracks and heightened dynamics, everything remains clear and in its own lane. My wife now wants to sit and listen to music every night. We listen to a wide range of music. Lounge Lizards to Jeff Buckley, John Zorn, Anthony Braxton, Damien Jurado, Bill Frisell, Todd Sickafoose, and many others. What's most rewarding is that even our 4W SET amps can now capably orchestrate Death Cab for Cutie, Pineapple Thief prog and weightier music with the upgrade to the V.
Surprisingly, I found that different power cords from $40-1000 didn't have much of an impact on the sound of the DAC, not anything like they did on my preamp or monoblocks.
In order to connect with the players I always listen for, and require, hearing the background. The clacking of accordion keys, the musicians breathing, the piano bench creaking. The V really brings out the recording space and the humanity in the playing. I also am impressed that not only is the tone spot on--especially piano and violin--but the texture and density of the instruments is so present. Same with the vocals. The tube rectification is key. With the V, I can hear not only the tone of Chris Cornell's or Lyle Lovett's voice, but also the deliberate and delicate control of the vocal chords and the consonants against the microphone.
There is a distinct front-to-back dimensionality that I find makes the difference between a production and a performance. I can be impressed by the former, but only connect with the latter. Well done, Audio Mirror.