Are'nt you guys forgetting something? £200 RRP for a start, XLR balanced, switchable filters ... no budget player below £500 can match that.
The 'budget' giveaway is in the choice of 8740 Dac's, which impose certain limitations but thats about it. Many 'mid priced' players costing many hundred pounds more use it and, imo, don't sound significantly better. Something like the 840C is a clear step up but I honestly haven't heard anything near the price that would give the DM a fright, never mind run for money.
Drummerman is spot on. I needed a solution (ideally to lose a box) and the DacMagic gave me that option. I have an amp with balanced connectivity - not many transports under £1k offer that and when I found out the price it was a no brainer to try one out. I reckon I would need to spend at least £700 to hear a dramatic difference and when I have that sort of money, I would probably go and buy a new DAC for that price and keep with the lossless files option.
It is interesting to hear a negative review of the DM but you have to be realistic - you are getting a lot for £200 and they look decent and are tiny.