Doug,
Why do you say "New info is being added when going from 16/44.1 to 24/192" when upsampling?
I absolutely disagree with that statement. That is not what happens when upsampling. It´s not impossible but it´s not what happens. If you wanted, you could write an algorithm to insert/create "average" information between 2 points but it wouldn´t be true to the original analog signal before it entered the first ADC. It would only be a guess of what probably might have happened.
You can´t "rescue" bits that aren´t there or that have been taken out.
Upsampling is about another thing. It´s not about having more information but, as I understand it, making it "easier" for the DAC to process.
Making a parallel between audio and visual, having a DAC accepting more bits is like having a LCD TV being able to reproduce more colours. And, having a DAC accepting a higher sample rate would be like a TV being able to receive a higher rate of frames per second. So, if you have a HD TV and feed it with a Bluray, you will be able to appreciate perfect visual definition. But, if you feed it with cable TV or even a conventional DVD, it will look worse, not the same as a Bluray! The processing in the HD TV might help to make it look better than in a common TV but it won´t look the same as a Bluray just because Bluray has lots more information.
I think the discussion is valuable but I wouldn´t like the thread to turn into a tech discussion and stay about the EE DAC. Much better to have comments about experiences listening to it!