Kevinzoe,
MH had a sale so I jumped. Since then I've added 4 channels of pre-amp so it's now half way to a UNL8.
The learning curve is steep but not impossible. It's simple to use the available templates to configure the LIO8 for basic DAC use. I have played with filters, as I experiment with the RIAA curve but haven't found the happy spot yet. Looking further out, room correction will be a challenge but that's half the fun. :)
Unfortunately, I am in California so a demo would be difficult. I can say with confidence the move to the MH LIO8 was a significant improvement over the Apogee, Benchmark and Bryston DACs I have used in the past.