Wow, that is interesting technology.
Yes, I can see the pulse transformer, but as you can see on the attached picture, that is only isolating the S/PDIF input. I have been out of the DIY DAC design thing for a while, but I have yet to hear of any way of completely isolating digital and analog sections of the DAC. The only way to do this is if that technology is built into the DAC chip itself somehow. Since a DAC chip is both an analog and digital device, the two supplies always have to meet at the DAC chip. You are free to isolate various sections of either the analog or digital sections of a DAC, but not at the DAC itself.