What do you have now? Maybe an $1100 DAC will get you more bang for the buck, if you currently have a decent CD or DVD player that can be used as a transport.
Channel Islands new dac for only 600 bucks I'll bet is worth a look at. These have only been shipping for about a week but after discussing the design on the phone with Dusty 600 bucks is a bargain. The above poster makes a great point. There's a number of good dacs for less money than 1,00 that would be worth trying.
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