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No, I meant for just completely bypassing the card all together. If the ODAC is higher quality than my soundcard (no double amping which will lead to less distortion and the DAC will probably be a lot nicer), I will just slide it inside my O2 and use that hooked up via a rear usb port on my pc. Unless I have misunderstood how external DACs and amps work.
My card uses the AK4396VF DAC so I'm sure the ODAC will be an improvement in many ways.
Yes, you're right. Sorry, I misunderstood what you meant before.
You can plug an outboard DAC (like the ODAC) into the USB port and bypass your internal soundcard.
On the other hand, AKM makes some fine DAC chips and the AK4396 has been used in some very "high-end" gear. As long as the card is well designed, I would think it should perform as well as the ODAC. Double amping isn't nearly the problem that many people claim. As long as you're not driving the card into clipping (it may clip at 100% volume, and it may not - every card is different), there is no harm in driving the O2 direct from the cards headphone jack.
Or you could use the onboard DAC but bypass the amp stage by using a Coax or TOSLINK cable to an outboard DAC.
You have several options that really come down to subjective sound quality (for what that's worth) and money. If you are at all interested in the O2 and ODAC, you should read more of NwAvGuy's articles and discover more about what he thinks about DAC's, amps, subjective vs. objective, double amping, etc. It may help you decide what to do.