Hi Kiwi, did you review C500 or C250? The C250 lacked a PFC unit which helps to protect the ICEpower module from residual grundge and ripple... Hence C250 would sound a little sterile, somewhat like the M201 mono amplifier.
C500 did have a PFC unit, which was however different from the one found in the M312 stereo amp.... For some reason, the 312 sounded always amazingly musical, with instrumental and vocal images fully alive and fleshed out with harmonics and microdynamics (at least compared to its contemporaries), while C501 did not seem to reach the same degree of refinement, and could not yield the same emotional involvement to me... Yes, I heard them at length in the same system during the same session.... Rest of system was a Boulder CDp, Capri (original) on M312, and Vienna Die Muzik speakers. It is possible in theory that C500 may be handicapped in some way by the bank of output capacitors post power conversion module... They were designed to enhance authority and macrodynamics, but they might have been slightly detrmintal to subtlety.
Furthermore, C500 required a complete break-in of about 600 hours, before which it would sound sterile and hard.
You are correct also that the casework of Continuum S2 is based on the original C500. Internally things are entirely replaced/redesigned.... Different PFC unit, ICEpower is gone in favor of Pascal technology, different transformer coupling, and the preamplifier circuitry is that of the new Capri S2, which is very different from the original Capri.
There is a CS2 section on the Rowland Knowledge base where you will find 20 short articles with some more information:
Continuum S2 Integrated
Bottomline is that I had some reservations about the performance of the original C500, while what I heard at RMAF 2014 from Continuum S2 and the Raidho D1s -- particularly on the third day (Sunday) -- was magical.
Guido