I think a good DAC should be able to stand tall against anything and given all the noise that is being made about the DAVE possibly being the best DAC out there, then it becomes fair game for any comparison, whether its against the $99 AQ Firefly or a fully loaded $130K Select II. In the end, you can't account for another person's preference but having taken the time to carefully listen to many things and make careful comparisons, I have no insecurities about having purchased the DAVE. In other words, no one else has to tell me how good the DAVE is. If 100 people came to me and told me they prefer their DAC "X" to the DAVE after having made their own careful comparisons, it would not change my opinion that I have in my possession the finest headphone DAC available in the world today and with Chord's upcoming amp and ADC, I believe there is no better place to be than exactly where I am at right now.
Regarding the Schiit Yggy, this is a very fine DAC, one that plays well beyond its asking price even though to my ears, it doesn't have the same level of refinement as the DAVE. Its 75 ohm output impedance doesn't prevent it from driving headphones like an LCD-4 or HD800 and while it could drive an HE-1000, it would be a more difficult load to drive. The bigger problem is that even if it had a digital volume control, it's analog output stage uses a buffer and a highly reactive load or a load with too low of an impedance may cause the buffer to overheat which could either damage the DAC or at the very least result in distortion. This is the same reason that MSB claims its DACs cannot be used this way although their Select II is the exception as the Select II doesn't use an output buffer. Lastly, as I am aware that MSB has given their blessing to having their DAC used this way via balanced outputs, it would be interesting to see the DAVE compared against the Select II this way. DAVE vs Goliath.
While this "direct to DAC" connection adds to the reason why the DAVE is so transparent, in The Attorney's case, it is a moot point given that he uses an electrostatic headphone which requires an outboard amp. I, for one, am eager to hear his listening experience with a well-broken in DAVE paired with his BHSE/SR-009 as no one else has provided their input with this specific combination but whether he ends up preferring the Yggy or the DAVE is of no consequence to me although it would perhaps behoove those with with a BHSE/SR-009 to make their own comparisons.
Thanks Roy for your clarification and we could find plenty of products with 75Ω output impedance in the 1.5K/2K/2.5K price range
http://www.rme-audio.de/download/hdspemadi_e.pdf#page=65
http://www.google.com/shopping/product/12766349912290994303
http://www.rme-audio.de/en/products/hdspe_madi_fx.php
http://www.rme-audio.de/download/hdspemadifx_e.pdf#page=79
http://www.google.com/shopping/product/4385090402755038361
http://www.google.com/shopping/product/17776905699464486366
http://www.merging.com/products/networked-audio/specifications
http://www.merging.com/uploads/assets/Installers/Horus_Hapi_3.0.70_Firmware/Hapi_User_Manual_rev09.pdf#page=14
http://www.google.com/shopping/product/10376367454183912509
6.3-mm output of MADI FX could easily compete with MSB Diamond IV and that's been verified by audiophiles in both Hong Kong and Taiwan already, we could even get that from Estonia for 1439.00 €
http://www.hkepc.com/forum/viewthread.php?fid=25&tid=2017783&ordertype=0&page=1#pid30830568
http://www.myav.com.tw/bbs/showthread.php?threadid=349951&perpage=1&pagenumber=7403
http://shop.pillipood.ee/0502040000/0/readmore/161179/
Properly implemented CS4398 DAC chip with the superior processing of Spartan-6 FPGA should work well with RME's SteadyClock
http://www.rme-audio.de/images/products/products_madi_fx_1b.jpg
HAPI is another interesting choice since it's connected via Ethernet instead of other interfaces, for me personally the most intriguing part would be its headphone output since that's working without having to add their optional DAC module
https://www.gearslutz.com/board/10825473-post194.html
http://www.computeraudiophile.com/f6-dac-digital-analog-conversion/new-digital-analogue-converter-merging-technologies-home-audio-market-22967/index6.html#post424026
And then the performance of MADI FX might not be that surprising thanks to its PCI Express interface, its simplicity could be such an advantage when compared to USB etc. Recently there were reports from multiple countries and they seemed to agree that running an optimized version of Windows from a RAM drive would result in fantastic results
http://www.phasure.com/index.php?topic=3364.0
http://www.tirnahifi.org/forum/viewtopic.php?f=15&t=3171
http://www.tirnahifi.org/forum/viewtopic.php?f=15&t=3267
http://www.aktives-hoeren.de/viewtopic.php?f=30&t=5848
http://www.myav.com.tw/bbs/showthread.php?threadid=20473423
http://www.computeraudiophile.com/f10-music-servers/running-win-os-purely-ram-27402/
So there we have it, there's something relatively affordable out there while we're still saving up for DAVE. Granted it might not be everyone since not all of us are willing to tinker with Windows to squeeze every last drop of performance from a setup like that.