A close second to 180g vinyl.
Crutchfield Customer Review (What's this?)
The write up for this product sounds like hype, but it's spot on. the bass is phenomenal, the dynamics are better, the soundstage is wider/deeper (vocals are now FRONT AND CENTER), the mids/highs are more detailed. I am streaming from mac->appletv->dl III->av receiver. My review is based on back and fourth switching/comparison between digital and analog inputs on the receiver. The difference was night and day. Whether lossless or lossy sources, there was always an improvement over my receiver's dac. I did not perceive a 'warmth' as stated (more neutral). Although that may come after the 'break in' period. Now the negatives. The DL III did have a little trouble handling a few of my .mp3 files which my receiver's dac could handle. I'm guessing there were some errors in the encoding process. It's to bulky to stick in the back of a stereo rack, and the 3 blue LED's on the front can be a little annoying/distracting. But I still give it 5 stars based on sound alone. If you're trying to achieve some level of audio fidelity from your digital sources, and you don't have 20 grand to spend, the dl iii is a good place to start.