Timeline: DAC was ordered from Vinshine in Singapore, 8 days later shipped from Hong Kong then arrived at my door after 48 hours in transit. DHL Express courier (no extra charge). Solid packaging. Initial price €670 and an extra €50 import tax - so that is a total of €720.
To be honest, I wasn't planning to get another DAC, playing with 'what if's' and idly considering what might be an interesting unit to hear .... until I saw Steve Guttenberg go weak at the knees over a 'budget' DAC from an obscure Chinese manufacturer. The look on his face and the way he described it - well, I had no choice. Other D/A convertors had been blipping the audio radar: Schiit Bifrost 2, Topping D90, but then reading more about the Denafrips in a series of enthusiastic reviews just sealed the deal.
So, it arrived, nothing fancy in the functional packaging, just a kettle lead and a business card telling where to find info online. Not even a printed manual! There is a bit of a serious omission here as the online guide says to first check if the voltage switch on the bottom is set for your region (240V/110V) - I didn't.

Smart! The Ares II is neat and sturdily built, in fact it surprises you with its weight as you take it out of the foam packing. Interior photos show a chunky round transformer in there along with a considerable array of capacitors - which I noticed when I switched the power on as my BMU gave a buzz which I would normally associate with firing up a large amplifier.
Some reviews comment on the tiny LED's, I like them - pinpricks of clear red that show up nicely in dim light. Better than the headache-inducing lighthouse beacons of The Teradak Chameleon. The Ares has 3 playing modes: NOS, OS Sharp and OS Slow. As far as I know it comes pre-set on OverSampling with the Sharp filter. Left it like that and will get around to playing with the others later.

Initial listening: Wow! Wow-wow-wow-wow-wow-wow-WOW! There has been a succession of DAC's through my rig in the last 10 years - the refined MF M1DAC, the powerhouse Hegel HD12, the wide-sounding Metrum Musette, and the just-plain-musical TeraDak Chameleon. So, combine all of those qualities, throw in a sack of 3D-solidity and a sheen of esoteric-really-expensive-you-know exquisite detail into the mix and you have an idea.
This is simply the best DAC I have ever heard. Stunning.

More thoughts when I've got my breath back and played around a bit.