Marco,
I've been reading some great things about the Waveterminal,I may have to pick one up for a head to head comparison with the HagUSB. The Meridian unfortunately does not have a digital input, that would make things too easy! I have a Bel Canto DAC2, with full mods done by Empirical Audio. I recently bought this dac to use with the Squeezebox, which of course I no longer have. Yes, Steve's gear there at EA looks like the ideal equipment for audiophile PC audio, if you can swing the cost. BTW, when I got the modded Bel Canto DAC2, I connected to the digital coax out on my Meridian 508.24 to hear if there was an improvement over the stock Meridian. While the Bel Canto sounded good, the Meridian clearly sounded better without it. In all fairness, I was using a new (not yet broken-in) Blue Dragon coax interconnect from Moon Audio, so my initial impressions my not be accurate. I'm looking forward to seeing how the DAC2 does with the digital input from my PC. Thanks for your thoughts on ripping audio files, I am currently using Itunes in the Apple Lossless format. I can't say that I'm pleased with the way the Itunes compresses the songs that you purchase from them though.
Regards, Mike