I have no 5.1 set up, so I send PCM out of my Denon DVD-1940 either via the Denon's analog stereo output or via coaxial to my DacMagic. I was hoping that going through the DacMagic would improve the sound quality immensly, but it doesn't. It sounds just as flat and unexciting. My question is therefore: is the sound quality of the player somehow shaped before it reaches the digital or analog outputs? I guess the downsampling from 5.1 to 2.0 also must have something to say.