I dare to wake the thread up as I am deciding upon the same question: Dacmagic or Caiman. My situation is slightly different though - I live in Slovakia and the price of them is not the same. Caiman can be mine for 280Euro directly from HomeHifi, Dacmagic is sold over here for 350Euro. The rest of my system is Cambridge Audio 650A and B&W685 with Chord Carnival Silverscreen. As a source I will use flac from WD TV Live, optical out. The question is whether it is worth paying 70Euro more for Dacmagic (balanced outs that have no use for me at the moment - but no headphone amp wich can be quite handy). Also soundwise - my system is very slightly on a bright side, forward, I wouldn't mind calming it a tiny bit down. Any help is appreciated.