The M1 DAC is by Musical Fidelity. At $699, it's a stunning bargain. Comparing it to $995 for the Digilog in 1989. Meanwhile, the M1 is far more versatile, way better built, and, if memory serves me right, sounds vastly better.

It appears that the way to sell a DAC in 2011 is to almost give it away, in real-dollar terms. Some people pay far more than this for a set of speaker cables, a pair of interconnects, even a power cord. The M1 DAC is a piece of kit that can transform your system. I kid you not.