Since no one has mentioned it, I'll throw out the Emotiva XDA-2 DAC. I don't think that anyone will say that it's the best sounding DAC out there, but it does sound good and offers a lot of flexibility for the price tag of $400.
When I first got my XDA-1, I compared it to a few lower priced DACs such as the V-Dac, the little Arcam (can't remember the model) and one or two others. I sent them all back. Not because they necessarily sounded any worse, but because they weren't worth the sacrifice in flexibility.
When I first got my XDA-1, I compared it to a few lower priced DACs such as the V-Dac, the little Arcam (can't remember the model) and one or two others. I sent them all back. Not because they necessarily sounded any worse, but because they weren't worth the sacrifice in flexibility.