Matrix M-Stage DAC Audio Sourcesearch

Matrix M-Stage DAC Audio Source

Matrix M-Stage DAC Audio Source

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This DAC drop was probably the best DAC group buy. It cut the cost to almost half from $300 for something so solidly made.
So I think this would do a lot better a bit after the holidays...
"One thing I need to add is the filter selector switch on the M-Stage DAC which gives you a choice between Sharp and Slow (Mute is not really a real filter). Sharp gives you shorter, more precise transients which works better for fast music (most noticeable on complex bass passages). Slow gives longer decays that works better for slow music. The filters are quite efficient and I switch around between the two quite often." Quoting from a review, they look pretty cool IMO
I'm not sure I get the filter function. What is it and how does it work? Does anyone know of comparable features on other DACs?