Better DAC topology, better power supplies, better clocks, better components, better pre and post analog stages and better input types all have a huge impact on what we universally call a DAC. It could be true that all digital to analog converters sound similar (not the same) but that all the other factors mentioned above make up the huge differences in DACs
I am not directing this specifically at you @creativepart as several other people have written this and I frequently see this written. However, the skeptic in me says if all these things are true, then the results should be easy to demonstrate. Take clocks and jitter. Apparently engineers have quite a handle on how to measure jitter even at the analog output of a DAC. DACs << $1,000, even in our near worthless Canadian dollar have so little jitter we could never hear it. If power supplies are an issue with $1-2,000 DACs, why is there no 60Hz and harmonics in the outputs (or a very very small amount). If the analog stages are no good, why is there no distortion? I used to accept these things as of course it is better, but the more I learn, the more skeptical I am. Don't get me wrong, I don't have cheap DACs, but I was prepared to buy what most would consider expensive, tried, listened, and I could not see any value.