What's better than HT Platinum Digital cable?


If you have lived with the HT Platinum digital interconnect for an extended period (3+ months) of time and then upgraded, what did you upgrade to? And what improvements if any occured? Where you satisfied with the upgrade?

I'm particulary interested in selecting a 1m S/PDIF in the $300 to $350 range. Here's the short list I composed as of today:

AZ MC2 $298
Stealth Varidig $300
Purenote Epsilon $350
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Texas25,

Haven't read much here and at the asylum to convince me that $400 Magic One is a really leap in performance over the HT Platinum.

I recently replaced a HT Truthlink with a PureNote Epsilon analogue interconnect. I guess I am moving away from the big players in favor of the more niche web-direct vendors in an effort to seek out more value and performance for the dollar.
I'm curious why anyone would spend several hundred dollars on a "high quality digital cable". As an electrical engineer I question the merits here. The beauty of a digital interface is, like your computer, that the signals are logic "1" or "0", not logic "1.00372" or "0.0345". Precision connections are not necessary here. Noise, unless it is extremely bad, is not an issue. Getting back to your computer, the internet (landline, sat or DSL) enables exact (read: no degredation) digital copies to be transferred over less-than-precision cables (e.g. phone wire). Because I don't consider myself to "all knowing" and am always looking to learn, please enlightnen me as to how an expensive cable can improve upon this simple relatively low-speed interface.