I bought one for shiggles. I'm really surprised at how good it is. I still think it's a mistake; they should have done it *next* rev, and started putting out the converter early. Once you try it, it's fine. It's still annoying in that you can't charge and listen, but the audio quality really is comparable. It is *marvelous* engineering for a problem that didn't have to exist.
I had to ask the question as to whether there was one because dang, it's small, and many were predicting that it would use the internal dac and pass signal analog through the connection. I was sure that was stupid, but ya know.