Seeking DAC $300

Spring for the Bifrost... I have it and I'm completely satisfied with it... I had the v-dac but returned it after all the recomendations for the Bifrost... You can check it out in my system pics...

With the Gungnir, how would I set it up? I have a SPDIF connection on my motherboard but isn't that tied to the internal sound card that I want to avoid?

Thanks for all the suggestions - I have some research to do!
Any thoughts on the Ifi Idac?

Gungnir will reclock a digital signal, so I wouldn't worry as much about the SPDIF from your computer.

For 300 you might be able to get a MHDT paradisea + that is a really nice sounding DAC that competes with much higher priced units for about 600 or so you could get a Benchmark DAC1 that is a step up and comes very close to the sound of more expensive DACs such as the Bryston BDA1. As you move up the line with DACs I find it easy to describe the improvements as greater clarity. With each jump you remove another veil from the sound.

The HRT Streamer II is a good start for entry level. If you like the tube sound, I recommend the Maverick Tube Magic with upgraded tube (GE NOS) and for $40 more, upgraded opamps. Around $600 used the Eastern Electric MiniMac DAC is certainly one of the best alternatives out there, roll the opamps as many do and you have a possible giant killer. There are many reviews on sub 1k DACs, esp on head fi dot org.