I had the chance to compare the Benchmark to the DacMagic and a Caiman up against the output from a Naim CDX2 via a Naim Pre/power combo through Living Voice Avatar OBXs, underpinned by a BK XXLS-400 sub. Guess who added that? I must say that regardless of price, if I weren't interested in AV, this is one of the best systems I've ever heard in terms of communicative ability with music.
The DacMagic was my father's, whilst the Caiman was owned by the Naim/LV system owner who bought it for his SB Duet. The Benchmark was one of several owned by the Medical Research Council (go figure!) by whom two of the listeners were employed.
At this point, I should clarify that when I'm with this crowd, I can drop my AV 'ears' and just engage in such ethereal qualities such as 'music' and the well worn "does it make my feet tap?" Indeed, one of that crowd reviews for TNT Audio and is thus entirely focused on the subjective, inspite of being engaged in a level of science that would make even the most objective audiophile's eyes water.
The correlation between ears present was pretty unanimous and that was the main surprise. All of us have a mind, are prepared to disagree and indeed, have done so over wine. This has delayed listening sessions in the past and is inconvenient.
Unanimously, the DAC1 rocked. It was clean, detailed and it played music in a way (given that it was fed from the SB Duet using FLAC) that actually had us wondering if the CDX2 had a place anymore.
The Caiman was felt to be good value and a fine piece of hi-fi, but after a few A-B comparisons, it just lacked a bit of life and colour. It was a bit flat and fairly clear to distinguish.
We all wanted to diss the CA DacMagic, if only to feel good about ourselves, but honesty prevailed. Bear in mind that the two MRC employees are involved in cognitive research (as in measuring the brain actual, not statistical analysis

) and therefore well aware of what 'tricks' a mind, then you'll see what I mean when I say when I say the guns were out. It took about an hour of A-Bing the DAC1 against the DacMagic to decide that the DAC1 pipped it with a slightly deeper soundstage, only to realise that the Naim CDX2 which everybody was sure was the 'musical' benchmark (small b) actually sounded more like the Dacmagic. Ho, Hum. They're very, very close and I wouldn't like to pick the DacMagic over the DAC1 in terms of pure DAC duties, although I will defer to anybody that uses headphones as the Benchmark is clearly well catered for in this department.
This doesn't make the DacMagic as good as DAC1, but it does confirm that it is stupid value regardless of what the fringe would have you believe.
Russell