Sorry for the delay- crazy week. So far so good, haven't had it out the basement just yet (where I practice) so volume has been low. But for a small amp, I don't know what else you could want tone-wise. Now, take that with a grain of salt since I haven't played on more than 5 rigs total (only been playing about 4 years and some change).
I don't think it sounds overly "hi-fi" with it's 3 way design- after it's EQ'd that is. Flat, it gives you the signature vanilla Carvin tone that's really focused on hi mids! Cut those hi mids and treble, add low mids, bass, a little drive and contour and you're set. Actually, I would wager that at low volumes, the midrange driver really helps gives you some nice clarity and articulation that you can appreciate since you can't really thump away but so loud in a smaller room. You can really dial in some nice tones from fat motown neck pick-up type of p-bass thump all the way to farty, burpy, bridge J-style funk. I'm sure the versatility of the soaps help but I experimented with my icon in passive with p/u's dead center and also in active with pre-amp set flat. I could still get almost any sound I wanted. The only tone related features it gives up the BX5 is the lack of a tube and the graphic eq although I think the later would be overkill for anyone intermediate like me, lol. The DRIVE really affects the tone more than I originally thought and the CONTOUR gives you easy access to a nice slap sound regardless of the other EQ settings. Can't wait to get my computer gear upgraded so I can record some samples.
As far as power, as I said, I'll have to wait until I get it out in a bigger room with the other fellas. The 12" woofer seems pretty substantial and delivers plenty of rumble at low volumes. Not really sure how the lack of porting will affect things once you pump up that MASTER dial. Also, it's pretty light, well, not as heavy as I anticipated! Overall, as you may be able to tell, I am happy with it and to my somewhat virgin ears, it sounds great. I'll tell you what's most interesting to me, my Icon sounds MUCH better with this rig compared to the Hartke A100. Maybe you need to mate a Carvin with a Carvin! I've been overly critical of my Icon's sound but now, I think I'm in love.