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So this is a thing:
http://www.head-fi.org/t/754547/the-soekris-r-2r-dac-technical-details/75#post_11986593
I think this might just be the ultimate component for the LC and I believe it will hit all of the original posters list items.
The Soekris is an amazing piece of gear, no doubt about it. Main issue with the current version they are preparing for sale (the DAC1101 we listened to at RMAF - http://www.soekris.dk/dac1101.html) is that you can't bypass the amp section and just tap the very cool R2R DAC. Also it uses USB power, which would also be cool to take out and put in a better power section.
What would be awesome is if someone could take two of the Soekris R2R DAC modules and build a balanced DAC with a really good power section, maybe even battery.
Whatever they do (and lots of big-names in the industry were looking at Soren's little surface-mount wonder) my guess is the Soekris will be making waves in the near future.
Cheers