Actually, I just purchased the 1.2 from eBay for $190. A great deal IMO.
If anyone cares, I have a few moments to type..... I had an old laptop running Windows XP as my player. This PC sat in my equipment rack and was a real challenge to get bit-for-bit out of it... XP was not that sophisticated and I had to remove some of Microxoft’s kernal programs... anywho.... I took the SPDIF out to an M-Audio converter to optical... then to the Audio Alchemy, then to my Accuphase (Accuphase has both optical and RCA ins). Foobar’s kernal streaming driver worked well. Since the Accuphase is both a DAC and player, I could put a CD in the tray and A/B the exact same bit stream from my computer...... I got it 99% there.... jitter was a big problem so I understand your real needs.
Then I dumped that whole rig and purchased a Benchmark DAC1 with native USB port and one that touted no jitter. Life got way easier.
I was using a pair VTL 300 Deluxe tube monoblock amplifiers and one just died... so I just received my new PrimaLuna HP intetgrated amp.... I chose an integrated so I could hook up more than one source..... so now I could pull out my Accuphase and A/B with the Benchmark... and hook up some old stuff like a tuner etc...
Now I am back to using that Accuphase... it just sounded so much better than that dead sounding Benchmark.... I dumped the Audio Alchemy but could never part with that wonderful Accuphase... now I need something back again with native USB interface with Windows 10 hence the MUTEC (temporarily, I am using the M-Audio Transit product that I will retire.)
An interesting lesson here...... the Benchmark DAC 1 was generations ahead of the Accuphase but it didn’t sound as good. The lesson here is that just because there are newer chips out there does not mean the old stuff sounds worse...... as we old guys know, it is all in the details of implementations and the subtly of designs. The Accuphase used four stereo DACs in some goofy configuration that sounds beautiful.... I have no idea what they were doing but they did it right.
There is more to this story (more like a journey), so some of the equip configurations above may not make sense... lotsa stuff came in and out over the years, but I thought I would share the highlights.
Peace
Bruce in Philly