Ey Julf, So the coding methods differ but the data is the same?
"Same" in the sense of "can be viewed as". Conceptually the delta-sigma process is not producing a pulse width that is proportional to the input signal - it is producing a fixed-rate, fixed-pulse-width stream of 1-bit values. It just happens that for 1-bit data that also results in a waveform that is a discrete-time-value PDM approximation of the input signal.