Vintage dacs don't have modern support for USB ...

Yes, well-done USB is quite a bit better than SPDIF. Yet folks that are so enraptured with this vintage R2R bug that's going around seem not to comment (or notice) on that. Indeed, even when the vintage (outboard) D/A's first came to market, many reviewers noted the Achilles Heel (SPDIF).
It's possible that vintage D/A are so good, even by today's stds, that even with the SPIDF setback, they edge out modern D-S ...
... hmmm ... will it be multi/R2R + SPDIF or D-S + USB
But what about the other gorilla in the room: high-end CDPs (Krell, Naim, Meridian)? ... they have R2R but are not afflicted with the SPDIF issue.  Yet I don't see them mentioned very often nowadays ... CD too old-fashioned ... or is it "yuch...optical discs -- they can't be as good as jitter-free Flash playback"

Modern r2r dacs that are competitive with the best vintage dacs are a relatively recent phenomenon, and this thread predates most of them.

You can't really make a bold claim like that with only Schiit products as examples, dude.
I do realize that this forum/site is equivalent of a Schiit fanboyz network, but ya'll do 'em no favors by unexamined day-in/day-out manufacturer grandstanding!
What Schiit is doing -- using modern "multis" like AD5781, which was not designed for audio -- has still to be accepted by the audio community at large.
Bottom line: too early to tell.
And we may never be able to tell ... why? Because the latest D-S chip design (optimized for audio), like ESS or AKM models, are also progressing.
The more attention this area of audio science receives the better -- that gets the decision-making CEOs of semiconductor firms to add more funding to audio R&D.
In a way, the resurgence of vinyl puts the same pressure on DAC manufs ...

Paras1te do you have a point to make or are you just raving on like a mad man ?

Seems like you need to get the hang of this place before going on like this. CDPs are discussed, usb vs coax vs aes vs I2S are discussed, TT are being discussed, and you seem to have missed that completely.

As for the CEOs of chip companies, they are no different than any CEO, they are just looking to sell millions of chips to whomever for whatever application as long as it brings profits.   They have no allegiance to what we want.

Yup ... it's all about $$ and corporate greed. Look at the big 3, or 2008 meltdown.
Got it!
Nah ... CEOs don't own Mark-Levinsons or Jadis. They could care less about low-grade chips in THEIR gear ...
...and now we return to more Democracy Now! where Amy Goodman will talk to UAW leaders about improving worker wages.

D-S done right can sound really decently good. Many have high praises for Schiit Gungnir V1, Nad M51 and Matrix X-sabre.

However there's a reason why Schiit introduced the R2R upgrade for the Gungnir. Because R2R done right will exceed what D-S can offer but will cost you at least 1.5 to 2x more in price. Take for example Audio-gd's NBF-7 and Master 7. Both have exact same chassis, powersupply and etc. Only difference is the DSP+8xPCM1704UK vs ES9018S.

S-D Modulation is a lossy/approximation of the original values.