Cal3713 - I think that's a pretty fair summary.
But there's no getting around the reality that the law of diminishing returns applies to DACs. I own three, a $100 Audioengine D1 in my garage/workshop, a $300 Musical Fidelity VDAC in my office and a $1,600 Simaudio 300D in my living room.
They all sound great but there's no way the VDAC is three times as good as the D1, nor is the 300D five times as good as the VDAC. You buy what you can afford and what makes sense with the rest of your gear. Just depends on how much money you're willing to throw at those smaller and smaller improvements.
I don't know a lot about the reclocking issues, other than that every brand claims they have solved the jitter problem in the DAC, itself. Truth, hype, marketing? Beats me.
And, after hyping mog.com so heavily earlier in this thread I got a message yesterday from the company saying the service will change dramatically on April 15. The company was bought by the same folks who market the Beats headphones and the new service will be called Beats.
The cost will go from $5 a month to $10 and will add a complex algorithm interface for playing music you might like, in addition to the same self-directed system that has made mog.com so valuable.
It's unclear what that means for a home user, the early information focuses on iOS and Android apps. It's hard to imagine they won't have at least a browser interface but that remains to be seen.