Wadia 321 DAC, anyone have any experience with it?

I have one and it's about as good a dac as I've heard, especially for the price.

It's in the same league as all the reference dacs selling for 2-10 times as much. It's also a clear step up from the log jam at the $2k price tag.

The NAD M51 can get fairly close to it's performance for less money, but not much else I've heard.

The case is huge for a DAC and almost too big for normal shelves depth-wise.

On the flip side, most dacs are crammed into very small chassis, so it's really a personal preference. The DAC delivers as good or better performances than almost anything out there.

It is very rich and analog sounding. However, I also have an Audio-Gd 7 DAC, which is more hifi sounding and may appeal to some types of audiophiles.

As mentioned previously, i also have an NADm51 and have owned numerous other Class A Dacs. FWIW, the only ones I personally would upgrade to would be DCS, Empirical Audio, MSB and ARC Ref. It's not a steal, but very economical way to get reference level performance.