Hmm...ladder DAC chips...no digital filters...fully discrete...
Alright, I'll change my stance, maybe this isn't such a bad idea. Back in the day, the Sonic Frontiers DAC (I don't know which one) was considered one of the best deals in digital hi-fi.
Still, I'm not sure I'd be able to bring myself to do it. I like upsampling.
Just for the record -- there is still a contingent of people who prefer a complete lack of digital filter, because of what it does to the phase of the signal. I've heard both (my ex still uses her ancient first CD player to this day), and it really doesn't sound that bad. There's artifacts, but you're so used to hearing the artifacts that most recent players have, that it's still kind of refreshing.
Alright, here's my final advice: go with Dark Angel's way of doing things -- buy it for a price that, if you end up not liking it, you can sell it for with little to no financial loss on your part (ignoring where the market is going -- I.E. if you had to turn around and sell it today, you would only lose, say, US$100). You have to realize that when other people look at your listing, they'll probably be given similar advice, "...$900? I don't know, seems like a lot for out-dated technology..."