Are we going around in circles here? No one is claiming that the Benchmark DAC1 is the world's greatest reference dac in absolute terms. Let's get this in perspective. What a multitude of people are saying, from pro reviewers and mags, to pro users, to respected audiophile reviewers and publications, to users like me, is that the DAC1 provides, at its relatively modest price, superb performance on an approximate par with much more expensive dacs, e.g., in the $5-$10,000 range.
We have been through this before. IMO, the posts above certainly acknowledge the positives of the DAC1 but always seem to offset these somehow with negative comments that, on balance, leave one with an overall negative impression.
Nealhood finds it a bit short in (only) certain areas in comparison with his $15,000-$32,000 dCS. To me that's really another strong endorsement for the DAC1, that it is good enough to be held in such comparison. With regard to the Jolida, very nice, but to my ears not in the same league.
Audioengr states positives then comments about the shortcomings and that there is room for improvement with mods. As a professional modder, of course his orientation will be for mods. Notwithstanding the audiocircle crew, there is still no consensus that I can find about the mods. Are they really improvements or just providing a different sound? I haven't heard the mods so I can't comment but there needs to be more input on this.
I have lived with and heard a fair amount of players and dacs in the past and now have had the DAC1 for awhile. I agree with the many who think it offers superb sound, e.g., equivalent to $5-10,000 units, at a low price.