With the Half Kit, you get an assembled HagDac (with all the smd's) and the Chime circuit board. I think the HagDAC is about 80% of the $549 half kit cost. As with the other Half kits (see Jim's description on the website) you purchase separately the components (resistors, caps, sockets, diodes, tubes, transformers, etc) to customize your board and purchase/build your own Chassis. I think the SMD's for the usb interface are already soldered to the main cuicuit board, so you're dealing with things you can manipulate with your hands, rather than tweezers. If you download the assembly/instruction manual, you'll get a good idea of the assembly process. I think when I cost it out, the total expenditure for the kit and requisite parts/chassis totaled about $950.
The hagDac can be used standalone (it has SS output built on the board), but needs a power supply...and the tube circuit of the chime is really, really nice, with a very quiet background.
My experience with the Chime is that it sounds very natural top to bottom, and the reviews concur. I have a Chime Gold unit, but tested the standard unit and loved it-especially the convenience of switching multiple sources - so much that I added input switching on mine.
You won't need to reclock your transport because the hagDac resamples the input to minimize jitter. I can't tell the difference between various sources with the same media, and one source does have a HagClock that I used before I acquired the Chime.
Its a great product and value, and the assembly is very well designed. If you can solder to a board, you'll be rewarded for your effort!
m@