Price: $8000 (Ethernet module, $600; other modules, $400 each)
Vade said: The Waversa Systems WDAC3 Mk.II is beautifully designed and built, and as jewel-like as any hi-fi component I’ve seen. It has many advanced operating features, and a front-panel display that can be read from the other side of a large room. I’d heard that using an Ethernet input for your DAC could sound much better than the ubiquitous USB input, and the WDAC3 proved that to be true. Through its Ethernet input in particular, the WDAC3 Mk.II sounded as good as it looks: spectacular. Its glitches were minor and easily fixed. Easily and strongly recommended.
The gist: Competitive with any under-$10k DAC today.