First post on PFM as mostly on AVForums and the Wigwam. Had a CDQ on pre-order for over a month after a demo of the 8200CD at the Frank Harvey open day. Been reading this thread with great interest and went through the extreme obsession, patient waiting, and then panic stage of the last few days like a lot of people I guess. Now I've had first hand experience of two units I think Technobear has hit the nail on the head re: the technical side; and the other positive posters are dead right about the high quality of this product.
Worried about the hiss issue and generally about using the CDQ as a straight up CDP and DAC with my integrated amp while I sort my system out, I went down to my dealer's to listen to their demo model today (my unit was also ready to collect). I've now listened to the CDQ through two integrated amps and two sets of speakers. Frankly, the sound quality is superb and I have no issue whatsoever with hiss. I am a rather perfectionistic vinyl enthusiast, on the look our for the slightest ground loop, RFI problem. or reason to loose confidence in a product. This is what the expense and precariousness of vinyl obsession does to you. As a number of posters are now coming out and saying, you have to put your ear right next to the speaker and actually try and hear the hiss. In fact, in an experiment I just conducted with my XTZ amp, there was absolutely no different between three inputs only one of which is connected to the CDQ. Not that I'm saying that the problem might there in some systems, but I think this issue is being blown way out of proportion. Well, that's just my opinion
As for my first impressions, I find the sound of the CDQ very musical; more detailed than I'm used too - you hear things from the recording, studio noises, that I've not heard before; the dynamic range is excellent - quiet passages are exactly that, and loud passages are loud; the sound is non-fatiguing; the stereo image is rock solid; and, finally, there is a coherence about the music that is very appealing. So far I have listened mainly to female vocal that I know well on CD (Suzanne Vega; Tori Amos; Dido) and the CDQ is very convincing for this genre. I've also dabbled with the CDQ converting the digital signal of my Sonos with (i) spotify premium at 320kps and (ii) my music archive from a NAS encoded in apple lossless (eg 800-1000 kps). Very acceptable results with both, but so far CD trounces both in overall coherence and listening pleasure.
As another poster has said, I'm not wild about the display, which is not so bright and small (it can be defeated, which is the best way forward) and I've not had any luck with the CD text or SDM modulator mode yet). The tray loader is fine as far as I'm concerned; the machine is quite responsive; and the remote has a very nice feel to it even if the buttons are not all intuitively placed or labelled. I went for silver to match my system, though I think maybe black is the natural colour for the unit. Assuming it warms up with use, though even as it was out of the box, I'll be well up for one of the DACs when they come out....
Systems used
(1) Sonos ZP90>8200CDQ>XTZ A100D3>Opera Duetto (Chord Carnival silver screen; Van Den Hull D102 III cable)
(2) 8200CDQ>Audio Analogue Puccini SE>Proac Studio 115 (Chord carnival silver screen; Chord Crimson Plus cable)