<quote>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.<quote>
As much as I wish for a better digital connection for 2-channe redbookl, it's just not going to happen. HDMI has, is, and will always remain predominantly a home theater interface, mainly for video with surround sound thrown in as garnish. No major movie studio will release full-resolution 24/192kHz x 6 channel soundtracks with their movies. I pray every night that DVD-A becomes the next 2-channel standard in its 24/192 glory via one universal high-res digital interface accepted by everybody. Unfortunately, there's good reason I need to pray every night for ThIS pipedream.
Sure, various small niche companies like Muse, MSB, Audio Alchemy have used high-quality digital interface for 2-channel DAC's, but each company had to invent their own proprietary format, not compatible with anyone else. There's NO reason to hold hope that any 2-channel redbook digital interface better than spdif will ever be developed now or ever that will be universally adapted as de facto standard.
So as much as I hate Sony and Philips engineers who condemned us to the stupid SPDIF (Sony Philips Digital Interface), that's what we are and will always be stuck with for 2-channel digital interface. Might as well try to make the best of it.