DAC with a Balance Control - Does on exist?

Why balance controls? I think this is summed up nicely by Anthony H. Cordesman in an old Stereophile review from 1987.

"No serious audiophile is going to be so much of a purist as to eliminate the balance control, simply because so many recordings have slightly unbalanced channels. Since the balance control acts as the "imaging control," and minor adjustments are essential to getting the proper spread and depth of instruments from right to left, no halfway decent system can do without one. Only an audiophile content with a system that never had proper musical focus could bear to listen to music without at least occasionally adjusting system balance." - Anthony H. Cordesman, from an old Stereophile review from 1987.

http://stereophile.com/content/mod-squad-line-drive-passive-preamplifier

I think this is still true in our digital age.

Tarsando, you wrote: "Benchmark makes a DAC now that has volume and balance"

Do you know the model number?

Regarding the "Why" do I want a balance control the quote by Daverz summarizes the reasons perfectly. I am picky and I want the sound positioned precisely.

Wyred 4 Sound DAC-2 has both volume control and balance control implemented in the digital domain.
Don't be afraid of its volume control in digital domain, it's a DAC that internally works on 32 bit and that makes its volume control work without bit-loss.
Being implemented digitally, means no extra circuitry in the signal path.
I know because I have one and it's excellent.

Theta Gen VIII has balance control, and is an excellent DAC as well (it is what I am using now), and there are a bunch of them for sale now. It operates in the analog domain. It is basically a function of the volume control; it is as if there were 2 separate volume controls, one for each channel, so there is no sonic degradation caused by it - no extra pot. The volume control works by switching resistors in and out, with one discreet resistor for each volume step, so all you ever go through is one resistor and one switching device (I believe a solid state relay, although I'm not sure). I apologize for any typos; I just got in from shovelling the driveway yet again, and had a nice big martini to kill the pain.

all dcs have balance control.