I have spent months looking for a "good" DAC that is in a reasonable price range. By most accounts, the Wyred4Sound DAC2 is the best DAC at the $1500 price range. The Anedio D2 is another good one. My recent auditions have been everything from Bel Canto, Weiss DAC 202, Hegel D20 (this was crap), Cambridge Audio DACMagic 100, Schiit Bifrost, and my reference DAC, an MSB Platinum DAC IV.
The Platinum DAC IV from MSB is the best DAC I have heard. Period. It sounded more natural and detailed than even the VPI Aries 3 turn table I was listening to. However, it's $12,000. But it is still my benchmark that I hope to someday come close to for near $1,000.
The Bel Canto stuff is very good, but they don't have anything that fits my price range. I don't think there is as much value in Bel Canto as most people would expect to obtain.
The Weiss DAC 202 is another great one, but as usual its price is astronomical. It is incredibly detailed and transparent, but depending on the front-end material it can get a bit harsh. There are better options for this amount of money.
The Hegel D20 was very boring. It was pretty neutral, but it did not sound natural at all. It had a very dull sound which I did not like.
The Cambridge Audio DacMagic 100 was surprisingly good. It had a lot of detail and transparency which I was not expecting. I found it to be a bit heavy on the low end but it was otherwise pretty good. I do think that it's a bit overpriced at $380, though. The Schiit Bifrost is a much better buy with or without USB.
Finally, I have a Schiit Bifrost right now. I read about many other DACs and I consistently came back to the Bifrost because of price/USB option. I've listened to it before and I really enjoyed it. I actually A-B'd it to the MSB Platinum DAC IV, Naim DAC, and Bryston BDA-1. The Bifrost bested the Bryston BDA-1 by a mile. The Bryston was very bright and harsh. The Naim was very good, it has the slightly warm "Naim" sound signature which is just a little bit of a soft roll off of the highs allowing for a more rich mid-range. The Schiit was very close to the Naim with its detail and natural sound signature.
I'm going to be auditioning the Cambridge Audio DACMagic Plus and possibly an Arcam rDAC this weekend. I'm not expecting great things, but we will see.