“Since the advent of the CD, listeners have been deprived of the full experience of listening.” - Neil Young PonoPlayers...
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Steve Guttenberg has posted a review of the Nagra HD DAC ($) at C/NET. His conclusions:
“I also brought my Sennheiser IE 800 in-ear headphones, and their sound was transformed by the HD DAC. The scale of the presentation, dynamic range, resolution of fine detail, bass punch and power were all the best I’ve heard from the IE 800.”
You can read the full review here.
You can find links to more reviews of the Nagra HD DAC here.