The reason HDMI is popular is b/c it can carry both digital video and digital audio signals, including surround sound. DVI could only carry video signals.
Since coax spdif is already capable of carrying 24/192 data, there would be no point in having HDMI input on an audio DAC. On the other hand, optical spdif is usually restricted to 24/96 stream.
It's not quite that simple.
SP/DIF is pitifully inadequate when it comes to transmitting top-quality digital audio. Consider Meridian's MHR smartlink interface, for example: this is, to all intents and purposes, three SP/DIF interfaces running in parallel. That provides the bandwidth necessary to send DVD-Audio data from a Meridian player to a Meridian processor so that conversion, bass management, etc. can happen in the processor. You can just about squeeze two channels of 24/192 across SP/DIF, but if you want six channels of uncompressed audio, forget it.
Other, more modern, digital audio standards such as HDMI and Firewire/IEEE1394 can handle this sort of bandwidth quite easily. This is going to become increasingly important once we start to see BluRay/HD-DVD players with hi-def audio formats.
There are other potential advantages too. HDMI and Firewire can be used to send digital audio data asynchronously, i.e. the timing of the eventual output is not derived from the timing of mess up the timing and introduce jitter, and it's the level of jitter which is the only significant factor in one transport sounding better than another.
Not all of this is of relevance to a stereo outboard DAC, of course. If it's stereo only, coax SP/DIF probably will provide enough bandwidth, and, if it's a sensible reclocking design, jitter will be less of an issue too. But, in the long term, one would hope that SP/DIF will be phased out entirely in favour of HDMI (or Firewire, but HDMI is more likely). If, ten years from now, you can't buy a transport with an SP/DIF output, you're going to wish that you'd bought a DAC that supports the alternative.