To Jeff Fritz,
I have not heard the Hegel [HD30] you mentioned, but I do have a PS Audio DirectStream ($5999) and love the thing because it keeps on getting better every time Ted Smith puts out new software. FPGAs seem to be the way to go. It is kind of like getting a new DAC with every update. And, if you don’t care for the new version, you can go back to the old one. And of course, it is in your price range.