Update, and cross posting the pic for anyone interested.
iPod ALAC or CD / SACD > Marantz SA8004 (SACD Player / USB DAC) > Schiit Lyr > Ultrason Pro 900s / Denon AH D7000s / Audez'e LCD2 Rev2s.
Quick impressions... this is really a crystal clear DAC and CD player! I'm fully thrilled with it's work as a DAC for the iPod and computer audio.
As an SACD/CD player, I can't fault it. It's very neutral and faithful in all reproductions I have done (I have only tried FLAC/ALAC and CDs/SACDs, maybe it's ok for mp3s also, I don't know).
Everything is really really clean and detailed. Applauses become thousands of identifiable, individual claps, strings resonate individually with each time the pic hits them, vocals include nuances I had not heard before from lips separating to small breaths in between notes.
The headphone jack is more than enough to drive low imedance cans. The Denons and Ultrasones were driven into their strides easily. It even handles the LCD2s quite well, though I prefer them amped in all honesty.
It may not be the best DAC out there, in fact it's probably quite pedestrian compared to some of the $$$$$$ stand alone units, but if you want a really high quality SACD/CD that is also a fantastic USB DAC and iPod interface, for $1,000, I can't think of a better option.
My only naggle is that it does not display CD text info (Album, Artist, Track, etc), and you cannot eject the CD try while playing from USB or other inputs, it switches you to CD mode, dropping the signal that was previously playing, just to eject or close the tray. Other than that, I want not. I'm on to get one of their Universal/BD decks for the living room / loud speaker setup and replace my HT receiver with something from their AV product line...