Thanks a million!
Good news - for those interested, I just discovered that the T1 works perfectly with the PS4. I didn't expect it to work as I've tried hooking up my Sabre DAC a while back and it hissed like crazy and cut out every few seconds. The T1 works perfectly though.
I don't know why I haven't tried this any earlier, I have been stuck with my TV's headphone out for too long. The difference is immense, I can actually hear birds chirping in the background from the mic of the 12 year old who has been cussing at me for the past hour and a half .