Yes it's certainly got the ring DAC, that's what makes it a little special. I must admit I do like the new Ifi audio burr brown signature DACs sound so I'm thinking of potentially buying a transport and a separate DAC. I also like the new ESS Sabre DACs as well like what's in my MOTU audio interface so I'm definitely conflicted here. The Arcam has a certain smoothness and finess that the new generation seem to lack though...
I'm used to listening to studio monitors as well as hifi so I'm torn between clinical and smooth if you get what I mean.