Mapman - I looked into DCs Ring Dacs to see how they get more detail thru dithering and found out that they don't. Addition of noise in not intentional - it's just byproduct of their scheme. If I understand it correctly now, they use number of current sources at lower bits and rotate them constantly to even out bit-weight. Extra resolution they try to preserve comes from digital oversampling filter. I found this description of differences between Multibit, Onebit and Ring Dacs :
"Multi-bit Nonlinearity — In multi-bit DACs there is a resistor associated with a current source for each bit. Each resistor is half the value of the one before it. So the ratio goes something like this 1 : 0.5 : 0.25 : 0.125 : 0.0625 etc. By the time we divide by two 24 times, the theoretically correct value of the last resistor is 0.000000119209289550781 of the first. Because it is physically impossible to achieve this type of accuracy, all multi-bit DACs suffer from some non-linearity (they distort the signal). This distortion becomes greater as you move from more significant bits to less significant (loud stuff to background detail). Typically, somewhere around the 20th bit the ability to resolve any additional detail is lost.
One-Bit Noise — In Bitstream (1-bit) DACs the resistor matching problem is eliminated and linearity is very good. However, the signal to noise ratio is terrible (6dB). A technique called oversampling is used to improve the signal to noise ratio to acceptable levels. However, the high oversampling frequencies result in narrow pulse widths. Timing errors now become significant, jitter increases, and the end result is thesame. The signal is distorted and the resolution of low level detail is degraded.
dCS Elgar Ring DAC — The dCS Ring DAC uses a patented 5-bit unitary weighted design (i.e., all the resistor values are the same). Oversampling frequencies are low (i.e., it’s less vulnerable to clock frequency errors). But, even this design isn’t perfect. Small variations in resistor value could still have an adverse effect on performance. Even with the carefully matched resistors used in the Elgar their resistance can change with age or temperature. To address this the Ring DAC, instead of using one resistor per bit, uses a large array of resistors. By using a proprietary algorithm (or is it Elgar-ithm) to continuously vary the number and positions of the selected resistors from sample to sample, as though around a circle (hence the name "Ring DAC"), the inevitable slight variations in the values of the resistors are randomly distributed throughout the quantizing range. This effectively turns any tolerance errors into random white noise, which is far more benign than the distortion that would otherwise have occurred. Finally, sophisticated noise shaping is used to move the bulk of the random noise into the high frequency spectrum above 100 kHz, where it is easily removed with analog filtering."
So, previous description I read (from Arcam if I remember correctly) was claiming extra resolution by random switching of current sources and dithering (adding noise). Now I found that they only try to preserve resolution coming from low order oversampler by rotating resistors in multibit converter (that follows) to keep necessary linearity - that would make more sense.