Interesting responses and a lot more controversial as to what if any the audible differences are. It seems clear enough that there are likely other more limiting factors for perfect reproduction than the two mediums would present. I have been playing with a hardware wav file player (eliminates the computer in the middle) straight to DAC set up and comparing it to a CD transport connected to the same DAC. There are a few differences but I would not call them significant. I give a small edge in resolution to the Wav player but an equal edge in overall musicality and high end reproduction (seems clearer or perhaps just more there) to the CD player.
