Buckingham hasn't this DAC only been out about three months?
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I believe it must be-- partly due to it's allegedly ground breaking design,I find it unlikely it would have been updated already,the unit has only been advertised by dealers recently in the UK.
By that I mean 2002,I think I saw the first magazine reviews late 2001 but most of the dealers ads have been this Spring-there's not too many dealers who stock it even in the UK, if I remember right.
It sounds like a very interesting product but at the price range I would guess it has tough competition even without considering the new formats..
Hope this helps....