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I can't speak for this particular revision, but I have the M902 and used it for several years at the office. Fantastic sounding unit...very clean and non-irritating up top, which I have to have as a mild tinnitus sufferer. The M902 didn't have quit the oomph to drive cans like the Audeze, but it's a wonderful one-box solution. I used it as my DAC even when I put a Schitt Lyr in the chain for the extra juice. $1395 is a no-brainer. And I must say you get great support from the guys at Grace.