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My current reference is NHT's Xd, which (as JA well knows since he measured them) incorporates DEQX tech to handle crossover and equalizaiton functions. For the price, I still think they're pretty amazing... I'm surprised nobody else has really adopted this.
I have occasionally wondered how much of a downside there is to the extra cycle of A->D->A that occurs in the Xd sstem. I'd be curious how an "almost all digital" chain would sound, with digital inputs, something like NAD's M2 "direct digital" tech to take a digital signal, correct it via DEQX, and then use the corrected signal to directly drive a switching amp.