As I continue to be seriously delinquent in posting my CanJam SoCal impressions, I'll weigh in a bit on the Shangri-La here. I first heard the setup at CES, and again at CanJam. I have to say that I liked it far better than the Orpheus II I also heard at CES, both in relatively decent environments. The Shangri-La was much warmer and musical while still having that transparent, detailed e-stat quality. My fave is still the original Orpheus, though didn't get to listen to the original at an event with either Orpheus II or Shangri-La. (Aside: Until CanJam, I wasn't really a fan of the Stax 009, but when I heard it paired with the Woo, that all changed. But I digress...)
Fang also showed me the finished industrial design (prototype?), which I think is pretty cool and lives up to the hype. What I remember reminds me a little of modern/mid-century architectural design. I haven't seen any photos or more detailed descriptions, and hope my vague description isn't misleading.
With pricing of this hobby all over the place, it's tough to make any real comparisons -- we all value different aspects and sound qualities/signatures in different ways, so I say to each his own. Get what you like, and embrace it. If you decide later you're ready for a change, that's exactly why we have this great community!