i know this thread is a bit dated, but since i recently answered the question i was originally posting, i figured i'd revive it in case anyone else was curious..
A friend of mine generously loaned me his Cambridge Audio DACMagic to compare to the DACs in my Casablanca (Superior). To test, I ran an analogue input from the DACMagic and a digital input directly from the same source to the Casablanca II. All that was required to hear the difference was switching inputs on the Casablanca, done right from my listening chair. The DACMagic in all areas, save bass, was superior. The bass from the Theta was tighter and more powerful, but otherwise, the DACMagic won the day.
i went in this not knowing what to expect, but in the end, the answer was clear. DAC tech has come a long way since the CBII was introduced.