Here is a multichannel implementation that continues the theme of high sample rate PCM with no logic chips in between the oscillator and the DACs. There are two variations: seven and fifteen channels using USB2 bulk mode transfers up to 1.536M samples per second. More channels and higher rates require USB3.
What I find appealing about this design is that it is easily bread boarded. For USB, use a Cypress FX2 evaluation board. It has a built-in quantum FIFO and packet buffering. For the oscillator, use a Si570 evaluation board. With it, you can easily switch between the 7 and 15 channel versions, 44.1K and 48K based sample rates, 16x and 32x oversampling, and 24- and 32-bit sample frames. For the DACs, use Twisted Pear CODs with SCK = BCK and the format switches set for DF bypass.