I agree with James here -- volume control in the digital domain inevitably leads to loss of numerical precision in the samples. This loss of precision leads to the usual noise introduced by digital processes to be magnified relative to the signal, thus requiring more aggressive analog filtering to remove it - causing its own set of problems -- or just leaving in there in the signal. It is just so much simpler to do volume controls in analog.
What is important to remember is that they're not trying to build another pre-amp, just the absolute best DAC they can.
I like the fact that it has several inputs -- I have several devices that generate digital signals that I want to feed into this beast. But I already have a great pre-amp (BP25 w MPS1) -- I don't need another.
James, as an aside, how is it going with respect to fitting it into a 1U enclosure?
When it is power cycled, does it remember which input was selected? (I have a master power switch on a line conditioner, so when I power things off , they're really OFF

-- will the selected input persist across complete removal of power? If not, is there a way to tell it which input to use when it does power up?
Thanks.