Yes, as Cam comments, I've used that Xitel item for years now with complete satisfaction. The Turtle Beach converter works by optical conversion instead, but the results should be equally good and it's a bit less expensive. The Xitel comes with cables, but the Turtle beach requires an optical cable(maybe $5). Philippe, DACs or optical converters have been mature technology for many years and there's no good reason to spend hundreds of dollars for such a simple item. This is yet another audio area where you often don't "get what you pay for".
At the moment I'm using the Xitel DAC unit to listen to BBC Radio 3, which broadcast an excellent NY Philharmonic program yesterday afternoon, available on demand for six more days.
