Not saying that you can't mod it - in fact I'd change the opamps for sure, and any caps that are in signal path, but I certainly wouldn't bother with replacing AD1896 (one, it's SSOP, how are you going to remove it without destroying board if you don't have professional tools, two, unless you are an engineer or can understand datasheets, you will not know for sure that SRC4192 will work - they are compatible in most things but there are few differences, notably the 192kHz operation, so you might end up with a non-functional unit, and besides the differences between two are far, far below anything that is audible and these are digital chips).
If the unit is still 700-800, which I recall it was last time I looked, I don't think its price is outrageous (in fact I recall thinking how will I ever get to compete with these guys when they sell it with all these features for so cheap). I do admit that I was extremely surprised to hear that some $200-300 sound cards have top of the line DAC chips now. So many companies making audio stuff now - is there really so much demand for it (from "normal" people I know, I doubt it) or is it just a perception in the eyes of CEOs that there's money to be made here, as opposed to professional audio market? Or have we here started buying equipment meant for professionals so the choices seem so numerous?