I just acquired the MBL 1611 DAC and it cost me an arm and a leg. Crazy expensive, but it is by far the best I've heard so far even with the crappy DVD as transport I use right now (no money yet to buy good transport - accepting donations... :) ). Definitely much better than Mephisto II.X (used to own one) and much better than its little brother, the 1511 DAC. If you want to spend 50K, IMHO it's hard to beat the MBL 1621/1611 combo.
How about the Boulder Ref. DAC? Anybody ever heard them? One went on sale here a few months ago.
How about the Boulder Ref. DAC? Anybody ever heard them? One went on sale here a few months ago.