buson160, are you kidding? where have you been all this time lol. i think just about everyone here knows i have a 501 modified to the hilt. it is not even the same machine anymore really. indeed it not only sounds better than the 503 it sounds better than almost anything! well, thats our opinion here. the thing is many people cannot or will not do that. even i could not do it now unfortunately. in that case i do not feel you can get a better dac, and headamp in one box for the price of the 503. speaking on ins/outs. i am currently using an ayre codex in a very high system. the thing has me banging my head with lack of connectivity. this was supposed to be their affordable dac though well for them at least. different price range than 503 anyways but 503 beats it hands down in connectivity. ayre claims they will make a full size unit but it is vaporware as ofv now. i am just mentioning this because the best dac is useless if you cannot hook it up,duh! the 501 and 503 really are great little packages. weell built, especially the 501, good connection options,really good dacs stock, do dsd, the 503 has a very good headamp. in fact i would pay the price of the 503 just for it's headamp. the dac is no slouch either though. 503 is certainly better. what buson said though holds true. if you are able to gut a 501 you can make something very serious. it took a stock 501, 3 grand of parts at wholesale and about 160 hours of my and others time. so if you figure a good tech makes $85 an hour you cannot even compare this to the 503. it is a completely different price and takes a lot of skill. stock, rest assured the 503 is a nice upgrade. i just hope at this point they all have the new/revised construction or whatever. what the other person posted i would never have complained about as i originally did. it looks nice and sounds very good. especuially when you factor in the price. as someone else said in this segment teac is the price/performance leader. plus i can obviously see things here that trickled down from their knowledge with esoteric. the only reason this is affordable is that it is made in china. which is fine quite frankly. my buddy has mine and it is holding up fine. hundreds of hours on my 503 and thousands on my 501. although the 501 was never even powered on stock.