Great summary SteveC. I'm awaiting Schiit's statement DAC with interest too, for the same reasons as you - Mike Moffat has real pedigree, and with Jason doing the output implementation...
Definitely terrific points in this thread. Btw Beowulf - I probably sounded like I disagreed with you some? I don't. I think the old snake oil comes out when it's the same old engineering, same old parts/cost and one needs a 'point of difference' to get one's 'new' unit selling

But then you get ultra-careful, spend money only where it counts approaches like the people behind Anedio, or Jan Meier (Stagedac; Daccord).
And even better, out of the box thinking like John Kenny's (eliminate power supply noise with quiet batteries) and whatever it is Stanley Beresford's done with his new dac.
(Of course, we have an example of
both these latter approaches with our very own Steve Deckert).
Palomino, can't remember whether I mentioned my Bushmaster broke down :'( Just bad luck, but also possibly the drawback of manufacturing at low cost. With three other dacs in the house and a busy life, repair has not been a priority and testing has been delayed.
Still, FWIW (just my subjective view!) I rate it
at least as good as Meier's approx. $650, very competent Wolfson implementation. I found Bushmaster resolving - unexpectedly good at separating and presenting different instrumental textures -
and transparent. Maybe a touch bass-heavy (but high quality, textured, detailed bass), and great fun.
Edit: Will, nice points!