Paul has posted a review of FiiO’s M3 ultra portable DAP on Headfonia. This is a basic DAP with plays several of the standard lossless and lossy audio formats, has a great battery life and is cheap i.e. $55.
This would probably be a good entry level device but for another $40 you are in the X1 range. I think this would be a good workout or “thrasher” DAP. One which is so inexpensive that you don’t worry too much about throwing it around.
Paul concluded he would give the M3 somewhere between 60-70% star rating. Assuming that Fiio can smooth out some the wrinkles with the firmware, he could see the M3 becoming a classic over time.