Has anyone heard the PS Audio Digital Link 111?

i'm also looking at this dac, no one has any opinion? how does it compare with benchmark, lavry, or bel canto?

The Absolute Sound March '07,current issue, has a review. You can also find some comments on the PS Audio forum at their web site.

haven't had a chance to read the absolute sound review yet, but will when i get a chance. but i know there are probably a few people who had the chance to listen to the ps audio digital link iii, can anyone who's heard it please comment on how it sounds in general, and also in comparison to other well known dacs if possible?

I've had mine for 2 weeks (playing constantly to break in) and it is truely unbelievable. I use the DLIII via its USB input with a dedicated Windows XP PC running iTunes and using Apple Lossless compression. I previously had a CardDeluxe sound card ($400) and the difference is night and day. The DLIII is very musical. Instruments have a life-like quality, and the dynamic range is much greater. Percussion is amazing. I hear things now in recording I never heard before -- including Yo-Yo Ma breathing. Everything I play now is pure joy. This is the first outboard DAC I've used, so I can't compare with any others. But for me, now that I have this USB DAC, a PC/iTunes-based music server has zero limitations compared to a high-end CD transport, or any CD tranport + DAC. I would never go back to playing CD's directly again since the sound from the PC is now better.

I haven't owned another DAC so the PSA Dlink3 is my first. My initial impression --- a more fully detailed soundstage, naturally the stage is larger, extending beyond wall boundaries. Minute details have definition. Bass is tight and well-controlled. Mids are warm for vocals, and highs are extended and clean, with minimal hash.
I would suggest ordering a high-grade fuse. I like the PSA Critical Link fuses that are cryo-ed. Similar fuses are available at usedcables.com called Hi-Fi Tuning fuses.
The addition of the fuse and a couple days of burn-in took the above description up a notch.
I am happy with the PSA DAC Digital Link III.
Sorry for the lack of comparison info.
Best of luck.