Correct. As a digital interface, S/PDIF is flawed by design.
This is why I'm pushing here for USB async. 
Or at least for a BDAP-1 with internal DAC?
Nap.
Obviously, I can agree with that, but now that I've listened at great length, to a really good low jitter USB async to S/PDIF conversion connected to a well implemented S/PDIF receiver in the BDA1 vs some very mediocre, at best, USB direct implementations, I'll take this one hands down

Ideal for me, would be to offer the Audiphilleo Async USB technology as an upgrade internally to the BDA1, bypassing S/PDIF

Unfortunately that starts to edge into the BDP1's market space too.
James, I can probably hook you up on this if you're interested

Tom