I too have a Bluesound Vault II and could not be happier with it. It does have a built in DAC that is decent but I use the digital out to go into a Cary Audio DAC-100t tube DAC. I would not call it he Bluesound DAC cool, but straight up neutral.
With the Bluesound not only do you get a streamer, but it can also expand to handle your home theater with the addition of their soundbar, sub, etc.
With the Bluesound not only do you get a streamer, but it can also expand to handle your home theater with the addition of their soundbar, sub, etc.