At the full 350, yeah, it's a bit pricey. At b-stock 300 USD, I think it's pretty competitive against other options. Sure the Magni 3 might have a little bit more power, and you could pair that with like a Topping D50 to get a better DAC, but I really want to see how the amp section compares against stuff like the Arcam rHead and Magni 3. You do pay a little for the aesthetics, but I think it's worth it if you don't require Optical/Coax input.
We should have a better idea sometime soon-ish. I know someone was sending their Element in, or supposed to soon. If that one doesn't show up, I'll send mine in around early September or so.