I purchased a used 2008 model late last year and it has sat in my system unmodded until this morning.

I am currently unemployed, so I had to dig through my bag of tricks to see what was available. I settled on two areas - replacing the output caps and ala Bill Allen adding a 220uf power cap to supply the LM084CT regulator.
For the output caps, I replaced the (2) blue Phillps 47uf/25V caps with Elna Silmic II 47uf/25V - I would have liked to use some nice films caps or BG N's but my budget is very slim. The only 220uf caps I could find was a used Elna Cerafine 220uf/16V, so in it went.
My first reaction to the sound of the modded VALAB Dac was that a layer of congestion had lifted - I could hear much more detail in the music but if I am being honest the highs were a little harsh - a typical 'lytic in the signal path issue. Nevertheless, after a few hours of burn-in the Elna Silmic's have started to settle down. In comparison to the somewhat "bloated" bass in the stock VALAB, the bass is now nice a tight and full. In this early stage, I am very happy with the results so far.
When I do get some $$$, I really want to replace the Silmics with some nice film caps like a Soniccap or Auricap. A step further would be to replace all stock 'lytics with the same value Nichicon UHE's.