Ayre Acoustics has just released an upgrade to their QB-9 DAC that you may find very interesting. It uses the ESS Sabre Reference chip and implements DSD, and designer Charles Hanson asserts that high res PCM sounds equally as great.
The original QB-9 is an amazing dac in its own right, with a great analog stage, zero feedback full balanced design, and full isolation of USB circuitry. Moreover, Ayre is offering a factory upgrade of older QB-9's for $500. So you can buy a used one for $1800 on Agon, get the upgrade, and enjoy a near state-of-the-art DAC for around $2300.
The original QB-9 is an amazing dac in its own right, with a great analog stage, zero feedback full balanced design, and full isolation of USB circuitry. Moreover, Ayre is offering a factory upgrade of older QB-9's for $500. So you can buy a used one for $1800 on Agon, get the upgrade, and enjoy a near state-of-the-art DAC for around $2300.