hey dshea,
Did you ever get a chance to pop open the cover of your U24? I'm still pretty curious to know what codec is being used.
If you're not sure what to look for once you get it open, just look for a small, square, surface mount device with 11 pins on each side. I'm interested if the part number on it is "AK4584".
My hunch remain fairly strong that from an architecture standpoint, the U24 is fundamentally identical to the Transit. From a connectivity standpoint, the only difference I can see is that the U24 has coax S/PDIF input/output which the Transit lacks. Oh, and it costs $120 more. I'm thinking that in this price range, the M-Audio Audiophile USB would be the better choice (except for the portability factor)...I'm open to being proved wrong though...
Thanks!
Peace,
Graz