Jc, Zikesman - If you read the Audio Note web site carefully (the section on DACs), it says clearly that no DIGITAL filtering is used. But if you look at the comparison tables, it does make mention of ANALOG filters. It just does not describe the characteristics of the analog filter. My difficulty in understanding all of this is as follows: no oversampling means 44.1 kHz, and that means aliasing components down to 22.05kHz. Filtering this out EFFECTIVELY implies a BRICK WALL filter. Audio Note claims some proprietary filtering. If it's not brick wall, then it doesn't filter out (effectively)the aliasing conponents that are JUST ABOVE the audio band.