If you are looking for an alternative DAC, I would go for the GTE Audio Trinity. Its superior DAC solution in combination with no digital filter (like the Zanden DAC) makes it the best DAC on the market - although at a price.
Thanks for drawing my attention to this DAC, it looks interesting and I'm digesting their white paper on 'LIANOTEC' now. It gets off to a good start but then says its 'new' but also linear interpolation and 'quadratic series' - neither of which is new. So far I'm not very hopeful they've achieved any kind of breakthrough in DAC development but I'll see later what their patent says....