BUT this is getting silly, though I must admit middy entertaining. I think all this comes down to the flawed data transfer protocol of PC audio via USB. Packet noise, RF noise. PC's send a ton of garbage down USB connection as we know, that is not disputed. How it gets in that connection and then arrives at the other end in a highly sensitive DAC circuit is not a surprise to anyone here. So what are we arguing about? The fact this happens, or the ways to avoid it and that the Uptone Audio Regen doesn't do that? It seems to me we are arguing it should be measurable (this RF noise or some form of extra noise). Possibly, but that is the same as trying to measure a better mains cable or interconnect cable, i.e very difficult. The data stream from a PC is analogue as in a stream of voltage. It is not bits are bits. That voltage will get affected by noise, and that noise will affect the DAC trying to convert the ones and zeros at the other end.
Those are technical assessments all of which should be verified with instrumentation. We have no evidence that such instrumentation was made to confirm any of them.
There are a lot of USB fixers, reclockers and convertors on the market. I have tried many of them, and they all seemed to have a level of positive effect, some minor, others a lot.
I have two of them and they make no difference to my ears. Now what? Is your data more valid than mine? You see the issue? This is why we measure. It takes you and I out of the equation and gives us objective data to analyze which can be repeated and confirmed.
Here is one of the measurements I made of last generation product, the regular Regen:
First notice that our instrumentation is more than sensitive to find such differences.
Second and more importantly, more distortion products were added, not less. They are not of audible consequence but do invalidate our assumption that all of these devices do good in reducing noise and distortion. We perform measurements to confirm our understandings which may very well be faulty.
I know from conversations with the Regen team that they had no way to instrument the analog output of the DAC such as above and hence were in the dark that they generated extra distortion products. This is the danger in purchasing products from companies who won't bother confirming their (often lay) assumptions about how things work.
In this case, who says a cleaner USB signal is better? A strong USB signal conveys more energy to the DAC in its digital pulses. So if you are worried about bleed-through, you may not want a better signal. And further, we need to know the spectrum of that bleed-through which our DAC output analysis shows. The eye pattern as posted by Alex, not so much.
Bottom line is that more data is better than less. It lets us weed out the good implementations from bad.