If the Bryston DAC is truly transport independent, then how did this item get on the list?
The solution that existing Bryston DACs (e.g. BP26DA) use to reduce jitter is (IMO) not perfect, although it's a
great deal better than nothing. To truly reduce jitter you would need to buffer a substantial amount of incoming data and reclock it. The Chord DAC64, for example, buffers several seconds of incoming data. (There's a downside to this of course - you can't use a DAC that buffers to that extent to handle a film soundtrack, or the sound and the picture would be out of synch.

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I suspect that there is a level of jitter beyond which a DAC cannot fully compensate - and I also suspect that the amount of data that's buffered influences what that level is.
how about wave shape? Does a transport that produces spikes instead of nice square waves sound as good?
Isn't that effectively just another form of jitter? All that really matters is: do the 1s and 0s arrive accurately, and do they arrive at the DAC at the correct time? If there's some ambiguity between a 1 and a 0 then you will get actual read errors - but this (I believe) is quite unusual these days unless there's physical damage to the disc. (I remember an experiment done a few years ago that was an attempt to point out the implausibility of cable hyperbole in which someone used a wire coat hanger as a digital interconnect for a Dolby Digital stream, and got no bit errors at all).
So, if a poor wave shape actually causes the wrong interpretation of 1s and 0s, then yeah, that's a problem, but I don't think any transport is that bad! What can be a problem is that if a pulse has a sloping edge rather than a vertical edge then you can't tell exactly when (in time) it is supposed to start or end. But that (I think) is just another form of jitter.