Bought this two nights ago, I believe Phil already has his, looking forward to his impression.
The PCB is definitely different than Gigalab's Moon DAC. From just looking at the pictures, the Valab seems slightly better.
espressogeek, I picked up an Oppo 981HD from Woot a month back for $105 shipped. For this price, it's a great CDP: it has Optical and Coaxial, 5.1 analog out, as well as S-Video and HDMI. It's considered one of the best DVD upconverters at any price point...it just so happens to be the least expensive