My new Squeezebox 3 (SB3) has its analog outs connected to my Bryston BP25MC pre. Let me say that the concept of computer audio streamed with or without wires is an absolute revelation. In fact, sigh, I believe Bryston is missing the boat by even bothering with a CD player (although the latest MusicDirect catalog has 18 CD/uni players with prices over $2K US - somebody is buying them). On the other hand, based on my SB3 trials, I can't wait for a Bryson stand-alone DAC. As for the computer audio concept, see online forums at Head-Fi (headphone freaks), Audio Asylum, here at AudioCircle's Square Circle forum and SlimDevices own forum.
I run my BP25MC into M&K active pro studio monitors and subwoofer (see the M&K Sound website). Awesome high end set-up, very revealing sound. The SB3 analog outs sound a bit rolled-off in my system, missing the shimmer heard from cymbals and the proper bite of a saxophone, but it basically sounds fine (hey, it costs $300 US). I am trying to decide whether to trade in my SB3 for a SlimDevices Transporter (their $2K US audiophile version), or to use the digital outs of the SB3 to feed an outboard DAC.
For a good laugh, go to the SlimDevices website to their community forum. I recently made a post in their "audiophile" forum, with this title: Need to brighten sound of new SB3 --> Transporter or DAC? I am desertrat58 on their forum as well. For a complete listing of my system go to AudioAsylum and see activeM&Kman and his inmate system.
Bottom line, the SB3 set up easily and worked right out of the box. The interface for selecting and playing your music is very easy to set up and use. The computer does not have to be in your listening room, and the remote control is all you need. An overall Class A product design, although you probably will want to explore outboard DACs (or their Transporter model) running with Bryston gear. I have several pro audio DACs in mind in the $1K US range, such as the Benchmark and Lavry, and at this point might wait and see what Bryston does with an outboard DAC. If you have a BP26DA, by all means at least try out an SB3. They have a 30 day trial policy. The Transporter model has more refined digital out features than the SB3 to go along with its better DAC chip for analog outs as another option.
I do note with the Bryston pre, that the SB3 analog out does let you use the entire turn of the BP25MC volume knob with my system. Digital recordings that are not mastered "too hot" let you crank the volume knob way over to the right, for that proper night club concert volume. I know Bryston designs their pres to let you use the entire rotation of the volume knob. I turn the volume knob a long way around with my vinyl rig as well. Yes, I like it loud.
My current Bryston wish is for them to make an outboard DAC that I can use with my BP25MC and MPS-1 power supply.