WAIT!
As you know, I have been one of the biggest bashers of MSB on this site, HOWEVER, they are providing an upgrade path to those with older versions. For example my upgrade would cost 6.9K "list" to go from my DAC IV Diamond Plus to the new DAC V Diamond. What did DCS do for those who bought the Scarlatti?
I can't speak to all the nuances of the Select model as I have no clue what that really represents or is.
As edorr states, he got out of the "high priced" DAC market because he was tired with "obsolescence". However, assuming the MSB DAC V is not just a IV Diamond Plus with new heatsinks and it represents a truly worthy upgrade at 7K, to bring a DAC of this caliber to the next level (assuming the upgrade is a real one) the price is reasonable and not absurd and I bet cheaper than churning DACs via the edorr method. Of course the big question remains what the V represents relative to the IV.
Of course the devil is in the details.
In summary, I think MSB actually has or started this "upgradeable" quest with decent reasoning, just their implementation kind of sucks. Does Berkeley, DCS, LightHarmonics, etc provide an upgrade path and if so is more than 15% of the list price of the original product you bought??