sacad,
Not sure if you're still checking this or still looking for a DAC, but I just took home the Rega DAC yesterday. At this point, it sounds far better than my Apollo did. I'm not all gaga over a new toy, but this thing is absurdly good. Far better than anything I've heard near it's price. I heard it next to the Arcam rDAC, and straight out of the box with no warm up at all, it beat it pretty easily. I also heard it against the Naim DAC ($3500), and it wasn't outclassed by any means. It's burning in and the sound is filling out right now.
If you've got $995 and a Rega dealer nearby, you should make it a point to hear it.