Incidentally I tumbled over this thread because „palchiu“ posted a picture of our spa1. It seems, that the participants here lumped together discrete stepped volume controls and chip based solutions. It is absolutely clear, that a chip is always a stepped attenuator device, because the uninterrupted, mechanical approach of a potentiometer is impossible to realize. By no means, this implies that they are working in the same way a stepped attenuator build with switches and discrete resistors does.
Not technically and not sonically. Please bear in mind, that resistors in chips are solid state semiconductor devices that do not conduct equally in both voltage directions; their linearity is thus limited to a small headroom. The switches are in fact CMOS transmission gates. Parasitic capacitance and dynamic nonlinearities are unavoidable in chip based circuits.
Linnenberg Audio was one of the first companies employing the Crystal Semiconductor CS3310 in 1994. Soon we had to learn, that the convenience of these chips is bought dearly with sonic disharmonies.