Mr T, you raise some good points and from your perspective, we will have to wait and see.
The MK II upgrade does add an asynchronous USB path capable of handling up to 24/192. That, while interesting to the computer audiophile, doesnt mean as much to the dedicated Bridge user, but it is certainly interesting just the same. What is of most interest, is the addition of a new Digital Lens with the Native X feature, which will purportedly reduce jitter levels to below 1 pico second.
While reducing (with the goal of eliminating) jitter can never be a bad thing (and in itself, if implemented properly, should not result in a more digital sound as I believe you have some concerns), my concern is that this new lens will have more impact (benefit) on the inputs other than the Bridge (since the Bridge also incorporates a Digital lens). According to Paul McGowan, the new Digital Lens will also benefit the Bridge input (again, well have to wait and see).
According to PS-Audio, additional upgrades and attention have been given to the analog path, with new high speed analog switches replacing the previous saturated logic switches. Additionally, 11 new spot regulators have been added to the circuit layout. Again, according to Paul McGowan, all this new design work is purportedly said to result in a much more analog-like sound than what the MK I version currently provides. And since this would by definition mean less digital-sounding, it is here that we PS-A fans and converts put our money literally.