09-10-14: ErikminerIt's not BS, as introducing signals having significant high frequency content (e.g., fast risetimes and falltimes), and that likely have significant amounts of noise riding on them, can potentially cause issues at supposedly unrelated circuit points elsewhere in the design. On the other hand, given enough attention to those kinds of possibilities in the design and development process, I see no reason why they couldn't be overcome. And S/PDIF has tradeoffs of its own.
In the TAS review there is an interview with the designer (s) of the Dac. They feel that building a USB input with the associated hardware degrades the SQ of the unit. Could that be BS since they sell the pricey outboard unit? Who knows but I'll give them the benefit of knowing what they're doing.
As usual, IMO, quality of implementation is likely to trump the theoretical advantages and disadvantages of any particular design approach.
A brief off-topic comment: Matt, congrats on the new Porsche. I (and my wife) have been thrilled with our 2014 Cayman S, which as you no doubt realize is the hard-topped counterpart of your Boxter. Be aware, though, that its stock high performance tires cannot handle snow or ice (assuming they are the same tires as on the Cayman S), and MUST be changed to winter tires if you want to drive on those surfaces.
Regards,
-- Al