Andrew, I've had it best part of a month now, bear in mind that in ££s terms it wasn't a huge upgrade, as I was coming from a Roksan Caspian M2 that just wasn't powerful enough for me.
The DAC is extremely good (read some of the reviews of their stand alone models, they all seem to review well in Europe and in the US), but I suspect that's about the integration into the amp. The dacmagic plus was no better when I compared them (and for me the DM plus was almost as good as a chord qute, and better than anything I listened to that was under £1k). The only downsides are the rather cheap feeling remote, though the media player controls work for both spotify and J River so that's useful; and the rather clunky looking display. It's had some critiscism for not having a bit rate display, or even some adjustable digital filters, personally I don't need either. It's like having comfort mode on a 300bhp hot hatch..like why??
The biggest revelation is the performance of the ATCs. I was expecting to not get on with them, as I thought I preferred a euphonic, warm "organic" tonal balance, and was expecting a cold, harsh unexciting presentation that was unengaging. They're not, they are the opposite. They sound huge, massively punchy, dynamic and above all smooth, apart from a couple of poorly recorded tracks, but they were horrendous with the M2 and D18s. In fact, the D18s are noticeably more sibilant and harsh in the treble. Now, whether the SCM40s would sound equally "better" connected to the Roksan, or whether it is the Hegel that has the ability to control them (they need a lot of power to generate realistic volumes) is a question I can't honestly answer, as I haven't listened to the ATCs with any other amplification, though this combination is better than Naim Supernait 2 + PMC Twenty.26, and ATC SIA150 + Spendor D30R.
Either way, I've never heard Back in Black sound so good at stadium SPLs in my living room. I was at a concert last weekend, listening to a small chamber orchestra perform several pieces, and it struck me how difficult it was to precsiely pinpoint every single instrument, much like listening sometimes to recorded music, and most importantly I wasn't sat there thinking that what I was hearing was signifcantly different from listening to recorded music, which means it's doing the job it is supposed to do. If I upgrade again in the future, it will probably to include more feature / function and sound pressure levels and transient attack. I think this is where recorded music generally fails, a drum kit live has that sharpness to it that is often missing when played back though a hi fi system. The system I've got to now comes closest to reproducing that snap.
Hope that helps
Thanks Steve
Thanks for taking the time - Thats sound exactly what im looking for and if the DAC is as good as that then i'll even save money on a DAC - I'll have to sort a demo of this one.