UPS finally delivered my HomePod and I've had a chance to set it up and play with it for a little bit. Overall, the entire experience (setup, sound quality and its ability to hear my voice) are stellar!
First, let me say that I'm a pretty critical person when it comes to audio quality. My "computer" speakers are a pair of Klipsch reference series book shelves and Klipsch reference series sub connected to a high-end receiver. It's a perfect setup since I'm always sitting in the same position (sweet spot). My great room also uses the top end Klipsch reference series (floor standing fronts, center, wall mounted surrounds, etc.) connected to a Dolby Atmos receiver. Levels and crossovers have been professionally calibrated. Heck, even my simple living room setup uses a Paradigm Soundscape sound-bar. This is just to put in context my perspective.
Setup was as quick and easy as every review has indicated. I was blasting music within 2 minutes of plugging in the HomePod. The audio quality is refined with the perfect amount of bass (I prefer a truly natural sound, so someone who is used to Beats headphones may find it lacking). However, I found that the quality of the sound was dependent on location. In the middle of the room, on an end table, it sounded OK to good. But, I found it very directional (I was keenly aware of the location of the HomePod and it was somewhat distracting to move around the room) and lacking in depth. Simply moving the HomePod to the matching end table near the corner of the room (2.5 ft from back wall, 4 ft from side wall) made a world of difference! The bass was a bit heavier (which was ok, but bordering on a bit strong), but the sound was a lot more robust and wasn't as directional. It seems that bouncing sound off of the walls creates a richer, more layered overall sound. As I moved around the room, I wasn't nearly as aware of the location of the HomePod. So, I would definitely recommend trying different placements, especially if you aren't happy with the sound!
All that being said, is it as good as my $2,500 computer setup? No! It's just not at that level. Is it as good as my $1,500 Paradigm soundbar? Yes! I found the quality of the HomePod sound (testing just with music) to be more open with clear vocals and a punchier bass (not as muddy). For serious music listening, I'm sticking with existing computer speakers and great room setup (which was my intention anyways). For some awesome ambiance in the living room with a Siri baked in, this is perfect for me. Heck, I may buy another one for the kitchen and even add one for the dining room (once Apple releases multi-room support). I haven't tested other smart speakers in my house, but having tried them at other people's houses, I'm pretty confident this blows all of them away (including the Google Home Max, which was just a sonic mess in my book).