NAD M12 DAC/Preamp
Jason mentions the new NAD Master Series below, but it's worth fleshing out the M12 DAC/Pre. Inside is basically the same DAC as the M51 which has been updated it a bit. The M12 also features NAD's MDC or Modular Design Construction chassis, meaning there are several card slots on the back for a variety of inputs including their new BluOS on a card to tie it in with the new Bluesound products from parent company Lenbrook Industries
The M12 (which NAD calls a Host component) will be available in May for $3,499.