A few of us heard this around Christmas time. It really didn't have a digital signature, and I'm kind of susceptable to that. It's like ants crawling up my spine when I hear a class D amp, but I didn't hear it on this.
It was pretty dry and clinical though, with good detail, but little in the way of ambiance and soundstaging. Rather flat overall. Not in the least romantic. However it was decent enough for me to think it will be a hit with the NAD lovers crowd. I'm also guess its size is determined more by the number and type of connections ont he back than by the amplification circuitry inside.
The digital conversion in the unit was just OK when using a direct digital output from a very good CD player. When we hooked up a very good CD player to it using the analogue inputs it did sound better (even though the analogue inputs are then converted back to digital in the NAD itself).