Devilboy, I'm just learning about it myself. I found their website more informative than most in the digital audio industry. They published jitter measurements from multiple methods, each one very low.
I like the sensibility that it attaches directly to a DAC. Like the Octave, I have yet to read a negative review aside from a few reviews being done on uber expensive DAC's were the Audiophilleo had less of an affect than it did on less expensive DAC's.
Two strong reasons to use this converter are if your DAC does not have a USB input. It may even greatly improve DAC's with less effective USB receivers.
Its direct connection to the DAC eliminates the digital SPDIF cable.