You may also want to check out the EVS Millennium DAC II. It's arguably the best bang for the buck at $1049:
http://www.tweakaudio.com/Millennium%20DAC.html
To be honest, I haven't heard it but I'm just going by what I've heard on the grepevine - check out other threads. I've owned the Bel Canto Dac 1 and the MSB III with upsampling. I found the Bel Canto to be too polite and undetailed. I found the MSB better but still a bit harsh. Now I've a YBA CD1alpha and my search is over (for a while anyway :-)
http://www.tweakaudio.com/Millennium%20DAC.html
To be honest, I haven't heard it but I'm just going by what I've heard on the grepevine - check out other threads. I've owned the Bel Canto Dac 1 and the MSB III with upsampling. I found the Bel Canto to be too polite and undetailed. I found the MSB better but still a bit harsh. Now I've a YBA CD1alpha and my search is over (for a while anyway :-)