I bought a PWD Mk I for $3K and then upgraded it to a Mk II for another $1K. Now perhaps another $3K to upgrade it again.
Makes me pause as the total is getting to $7K and I'm in MSB territory and within striking distance of a dCS Debussy.
Don't get me wrong, the PWD is a fine DAC, I've had it for a few years now, and I like it. PS Audio is a good company with solid products and customer service.
I'm not saying that the new PS Audio DAC is bad or good...just that the total is getting up there and there are other outstanding choices for that chunk of coin.
Now, maybe if the upgrade price were a bit lower....
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