Agreed on the Pico dac > Benchmark dac. Tyll and Todd have both told me the same story from the Sennheiser perspective. They will receive 65 and 30 respectively in the first shipment from Senn, and each have another chunk reserved for the second shipment if sales are brisk. Now, whether Senn has different plans for phasing those deliveries, I don't know, but the sales reps are tell Todd and Tyll to expect their initial orders in February sometime. Tyll is also expecting a single pair for HR to do tests and a full write-up. I am guessing Senn also has a few reserved to get into the hands of Stereophile, Absolute Sound, 6 Moons and whoever else they think could get them a decent review in a reasonable amount of time.