I just listened to this (both demos) 3 times with my beyerdynamic DT 770MR phones.With the exception of a couple poorly chosen lead voices....I think the PA3 sounds superb, even without dircet audio recording on the demos.

There is much more to say...but I am still in a mode that is neutral to it.

Sweetwater just e-mailed me and said my PA3 demo unit will be in first or second week of May now.

It sure has a super live sound and IMHO rivals the Audya no sweat.
This is not IMHO, a PA2XPRO with a few tweaks...it has lots of potential. Quesion is how does it really sound live and...how good are the voices THAT I care about??