My Benchmark DAC-1 instruction manual clearly says that it utilizes USB 1.1 protocol, and is compatible with both USB 1.1 and USB 2.0 ports. USB 1.1 is the first widely used and bug fixed version of USB 1.0. It has a maximum data rate of 12Mbs (full speed), more than enough to pass 24/96 signal.
USB 1.1 still no where as fast as Firewire. USB still utilizes the CPU in your configuration and transmits packets, not data streams.
Both of these statements are correct. But as confirmed by several posters in the thread I linked to above, 24/96 can be successfully and consistently transferred between a computer's usb 2.0 or 1.1 output and a dac that has a usb 1.1 input. Although, as I said, a computer which is underpowered or software-bloated may have problems doing that.
Re converting firewire or usb to spdif, yes that may be necessary for specialized or professional applications, but if you want to send spdif from a computer to a dac, why not output spdif from the computer directly, without any conversion?
Regards,
-- Al