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My current setup uses Hi-res 24bit music from iTunes/Bitperfect on my MacBook Pro.  The music is fed via toslink to my Audioengine D1 DAC/Amp to either my TMA-1 Studio or Creative Aurvana In-Ear 3.  I'm very pleased with this low budget setup.

 

I recently bought a FiiO E07K with the intent of using it as a USB DAC/Amp for my iPhone 4s (Onkyo HF Player outputting Hi-res 24bit music data to the E07K)

 

I'm thinking that I might dump my Audioengine D1 in favor of the simplicity of just using one DAC/Amp solution for both my laptop and iPhone listening.  Do you think I will regret doing this?  From an audiophile perspective of course!