Just to add...
I compared my Cobalt 307 to a bunch of the current budget DACs on the market like the V-DAC and DAC Magic. The Cobalt 307 is about 15 years old and still beat them all in sound quality. While the DAC chip may be out dated, the torroidal power supply and discrete analog output stages aren't. Its not just the chip that you hear in a DAC.
I'm waiting on Rega to release a DAC before I'll upgrade. The Arcam rDAC at $479 looks very interesting too, but I haven't heard it. My dealer carries both brands, so I'll hear them head to head when Rega's come out (supposed to be $995).
I compared my Cobalt 307 to a bunch of the current budget DACs on the market like the V-DAC and DAC Magic. The Cobalt 307 is about 15 years old and still beat them all in sound quality. While the DAC chip may be out dated, the torroidal power supply and discrete analog output stages aren't. Its not just the chip that you hear in a DAC.
I'm waiting on Rega to release a DAC before I'll upgrade. The Arcam rDAC at $479 looks very interesting too, but I haven't heard it. My dealer carries both brands, so I'll hear them head to head when Rega's come out (supposed to be $995).