Since we've had some more talk about garbage like Lampi dacs...there is something else we have to discuss - the ifi iesl. Long story short, I was asked to look into this for a mafia member and well... I wouldn't connect my phones into this.
So let's start at the beginning, the transformers have either a 1:16 ratio or 1:32 depending on the impedance switch. The former is certainly on the low side so you need some power to push this. Their claims for the transformer construction is all fine and dandy for output transformers but they never touch on the stuff that actually matters for electrostatic step up operation. The transformer capacitance is paramount and so is to keep the inductance in check. Let's just focus on the shit that doesn't matter instead...
Now onto the bias supply and their capacitor "battery" claims are just so full of shit that it isn't even funny. First of though, how is the high voltage for the batteries generated? I can't see any transformer that could do that from the low voltage DC input. There are some chokes but nothing substantial enough. Also, how are they switching the bias? Those cheap arse switches? Sure fucking hope not and no normal relay can handle these voltages.
Now for the really bad news, see the first picture, the string of resistors in front of the 5 pin connectors? Those pretty much have to be the ballast resistors run in series to increase the voltage handling. They are also high value resistors but I can't quite make out the value of them. Now follow the trace on left and see the cap that is there? Yup it is 10nf/1kV so it sure looks like the fucktards put a cap after the ballast resistor. Never, ever do that if you like the coating on the diaphragms...
As for the whole capacitor based supply claims, if they run them in parallel then they have 3uf roughly of charge which is quite a bit and I for one wouldn't want to have that sitting on the bias supply should anything go wrong. I also wonder if their dielectric claims extended to the rest of the circuit? The PCB's leak at these voltages as do the switches and connectors.