This is the first I've heard about this DSP issue, but it appears to be researched technically and evidence is presented:
"Can't get good sound on RPi. Power problems" -- http://slashdot.org/comments.pl?sid=3070945&cid=41116889
"I bought two Raspberry Pi(es) to use as audio servers and have been disappointed by the sound quality. The on-board audio out's DSP has limited bandwidth so sound is down-sampled to 11 bits. Scratchy. It's not advertised so that was a let-down.
Using a USB AUDIO dongle is no-go either, because of the crappy USB drivers. Stutters non-stop. Here are oscilloscope grabs of two music samples and a 1Khz tone: http://imgur.com/a/rVR99 . The flat parts shouldn't be there. The only way to get good sound now is to use rather expensive USB soundboards or the HDMI output, but extracting line-level audio signals from that isn't a simple or cheap proposition."
I find it hard to believe that it's appeared first on Slashdot and not on the RPF forums. Have any of you come across it before?
Morgaine.