Toslink to SPDIF RCA digital converter

If you want a cheap option, look at the M-Audio C02. Bidirectional conversion with two in, two out. I used to use one for conversion of signals from my PS2 and XBox.

It's only money! Buy a new transport.

The CHEAPEST way to go without sacrificing quality was a device made by Audio Alchemy called a Data Stream Transciever Cable. It was/is a powered cable (uses a wall wart) and had a toslink and coax input on one side and a coax on the other. Its main use was coax to coax but could also "turn" a toslink signal into coax as well. It think you can pick one up for well under $100. I used it years ago with a laserdisc player I had at the time to send the digital signal to my DAC - it only had an optical out. I later used it with a newer laserdisc player a couple of years later that had a coax out. In that set up I used it as a pure coax cable. I found it to be a really good digital cable. You can probably find one on eBay or here on the 'Gon. They pop up from time to time. - Tony

The digital Lens does indeed have a toslink input.

The DIP has sonic benefits in addition to the "format" change. Highly recommended. Only downside is that you need two digital cables.