is SPDIF really an issue anymore?

I ask because reading up on a particular SPDIF receiver (Wolfson WM8804
http://www.wolfsonmicro.com/products/WM8804) it appears as though the
chipset itself prevents incoming jitter from being sent as output
jitter. 

Am I correct in assuming that so long as you don't have a seriously
messed up input signal then this particular SPDIF receiver (and others
like it) ensures that you get an output signal that is void of jitter?


-- 
Kellen
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