the endorsement by the Part Time Audiophile in his RMAF 2012 report was very enticing.
Hey! That endorsement was my fault. The Kool-Aid in that room was some very tasty stuff. John's covered most of the bases, but I'd like to add to his "room flexing" statement.
The FALs seem to be basically dynamic in the way a great Lowther system is dynamic. They're fast, there's a real sense of hit, and their microdynamic capability is absurdly good. They're not what you'd call macrodynamic champs compared to 18" drivers or Volswagen-sized horns, but they're much better at it than most 6" drivers. The standmount version shown at RMAF seemed to be a very good speaker for that room, but I wouldn't bet on it being able to fool you into thinking that AC/DC was playing.
That said, the first thing I did when I got home from RMAF was email John and ask him for prices. The second thing I did was leave him hanging while I got distracted by 18" drivers.
If I remember John's prices, they were well in line with similarly capable systems from other vendors. In other words: they're spendy. The FAL driver itself, though, is some kind of perfectionist mutant. There's nothing like it, it's very hard not to love it, and it's strongly competitive.