"Re: no pre-amp. Steve N: How do you handle volume control? Do you throw away bits to lower volume or do you attenuate the analog signal? "
Neither. I adjust the D/A reference voltage. This is what is multiplied times the data words to achieve the voltage output. IT scales the volume naturally, without bit decimation or analog noise/distortion. As the volume is decreased, the S/N actually improves and the distortion drops. The opposite of what happens with analog controls and attenuators. This is the optimum way to volume.
See:
http://www.empiricalaudio.com/products/overdrive-dac
and:
http://www.audiostream.com/content/empirical-audio-overdrive-se-usb-dacpre
"Has anyone done an A/B of your DAC against a good pre at low listening levels?"
Absolutely. I just demoed this effect at Newport show. They were amazed:
http://www.audiocircle.com/index.php?topic=125781.0
Steve N.
Empirical Audio