One of the notions I've been pondering, but haven't yet experimented with, is that the reproduced signal from those NOS DACs without an sufficiently effective analog reconstruction filter lack the time and inter-channel phase resolution of sharply bandlimited reconstruction. This echos back to the once popular (although, incorrect wrt the sampling theorem) notion that discrete sampling misses time/phase changes in the original sampled signal which are finer than the sampling interval. However, I believe that may actually be true for non-bandlimited NOS playback. If I correctly recall, brickwall filtering enables reconstructed waveform time and phase resolution finer than that of the sample interval. The sharper the bandlimiting, the finer the time/phase resolution and visa-versa. That is just conjecture, I currently have no evidence that this is the mechanism behind the fuzy/soft character that some of us perceive from NOS.
For these systems, the ADC side usually limits the bandwidth, since an antialising filter is required before conversion.
Brickwall filtering does not provide any more information than any other filter at the output of a DAC, just less out-of-band content. In fact, steeper filters introduce more phase shift and frequency droop/ripple in-band, below the Nyquist frequency (one-half the sampling rate).
Glitches, clock spurs, and low-level nonlinearities could account for some of the audible differences, among other things. Chief among "other things" in my mind, NOS or delta-sigma designs, are the quality of the image filter and output buffer.
My 0.000001 cent (microcent) - Don