DAC Recommendations

In that price range, I'd look at the Stello DAC from April Music...

Thank you all for the recommendations, I thought I would update. I purchased an Electrocompanient ECD 1 demo in my price range. It's a very muscial piece, the sound is a little forward but very detailed with extended bass. It came very close to the Audiomeca Mephisto in many respects but the Audiomeca still out performs, at least in my system.Thanks again.

Rec, When you describe the ECD as being a little forward do you mean somewhat bright or do you mean that there is some mid-range emphasis which brings the soundstage more forward as opposed to recessed or normal?

Great description Newbee, no it's not bright at all but there is some mid-range emphasis. Actually in my system it's quite pleasing.

The Musical Fidelity A3 24 isn't bad sounding and you can pick 'em up for under $600 used. I've had one for a year and it sounds good. Try a good digital cable with the money you have left over. Some of our local audio group are using digital cables from Ridge Street with good results.
If you must spend more on a DAC, then the Audio Note seems like a good recommendation.

Rooze