Well, here's the problem: You've connected the BantamDAC into the terminal block that's meant for the BantamDAC. Problem is, it's not selected by default. You have to wire an SPST (at least) into the two-position terminal block and throw the switch for the input relays to pull from that terminal block.
Try one of two things if you don't have a switch ready:
1. Short the terminals on the two-position terminal block, or
2. Connect another source into the un-used terminal block and try your listening tests using that as a source.
Actually, I'm surprised that you're getting anything at all, but this is an extreme case. 
That said, I take this as my fault. The operation of the relays is not very well documented on the website. So, please accept my apology at your frustration.
P.S. Those are excellent photos, btw and it looks like you've done quality work. I'm sure things will go very smoothly once you get past this.
Finally, it will help if you connect a second ground wire to that un-used output terminal on the BantamDAC.
Edited by tomb - 8/13/11 at 3:05pm