As for my source, I'm concentrating on Redbook playback first and am using a PSA Perfectwave Memory transport. This unit outputs a signal which has been reclocked from a buffer and not from the spinning CD. I actually don't hear much difference in sound quality between the HDMI (I2I) signal and the optical or 75 ohm coax. I'm now using a 1.5m BNC coax which presents deeper imaging and more low-end extension than the other formats.
I took the advice to remove the preamp from the chain, and the result is a much smoother presentation without harshness. I believe the DAC's output of 2.8V RMS is overdriving the unbalanced inputs of the preamp.
In any event, the sonics from a DAC-direct hookup is still not what I would call "analogue-like."