--- I have to say, though, that I've enjoyed some cheaper DACs more than their multi-Łk brethren - the XiangSheng DAC-01A, SPS DAC3 and recently the DAC in an Audiolab 8200CD.
I guess I'm just cheap to please.
-- apart from speakers.
Like with amps (mentioned elsewhere), with DACs I don't at all hear the expected relationship between cost and sound quality. It's more of a scatter diagram than a 1 to 1 relationship.
Hmm, you can include cables in that viewpoint as well.