Haven't heard it, but Arcam makes a good-sounding product. Weird decision that it's not hi-rez (DVD-A, SACD; you need the DV79 or 88 for DVD-A). Yes, it has the Wolfson WM8740 DAC. The picture on the link is NOT the 78; it's the twice as expensive 79....says HDMi and MLP, which are not part of the 78.
Ted