I hesitated to post my impression life Prem's system since this thread is on Ranjeetrain's DAC, but since there have been a few posts already, and since I think one important aspect has not come out, will briefly mention here. Some time back, DrBass had mentioned to me that the EMT 938 has extremely attacking sound. I neither had the experience of a 938 nor did I fully understand what DrBass was trying to say. A few days back when I visited Prem, I got my chance. Initially I was listening casually, but around 1 minute into the track Telegraph Road of Dire Straits, I was jolted upright, so forceful was the sound of plucking of the guitar string. The last few minutes of that 14 minute track are a very fast paced drum and guitar sequence, and I remember that the snare drums sounded unusually heavy and extremely lifelike. Private investigations, the next track, took it to a different level. My education about the importance of attacking sound and making for lifelike output took a quantum jump. There were phases during the three hours I spent when I was forcing myself not to tap my foot, but amazingly, so magnetic was the influence of the music, that time and again I caught myself doing exactly what I had told myself not to do.
Wide soundstage, imaging and at times depth are much easier to achieve. This degree of attack however is extraordinary (Prem seemed to think that it was only 60% of what he hears in a studio) and perhaps depends on the source. It perhaps also depends on the material being played. I think Dire Straits type of pre-1985 music is perhaps best enjoyed on LPs than digital, because in creating digital copies, compromises may have been made along the way which suppresses the attack and sharpness (AAD etc).
Perhaps Prem himself is in a better position to comment since he had an equally high end digital rig before this, and there must have been a change in the nature of the sound between the two high end rigs.
I have some way to go before I stabilise my analog front end, but when it happens in the next few months, one aspect will be that my DAC and Phono Stage (both Accuphase boards) will have roughly the same pedigree and perhaps sonic influence. that may let me tackle one of my objectives - to have authentic copies of analog and digital of the same music and hear the difference, at least to the extent the resolution of my system will allow.