That's what made me realise that onboard sound are just not made for quality (for me it was the Westone UM2). Going discrete not only fixed improved the sound on them but pretty much everything else I plug into them.
Strictly speaking, you will still hear about people talk about
bit-perfectness and jitter when using the sound card as a 'transport' (that's what it's called when you are only using it to pass the data to an external DAC). That is one reason the Chaintech AV-710 was at one time quite popular: it was inexpensive (in the States), and was known for providing bit-perfect optical out. Personally, I can't vouch either way - I've not done any comparison, and I am weary of placebo too (on the other hand, I am not a complete cynic either). It's probably one of the less important aspect. @Agent: I am assuming you are saying that there is no DAC needed on the sound card.. because that process is still required first thing after the sound card.
What is worth a try if you do go for a discrete solution, is to test out the analogue out too. Sound cards (in the £50 range) may not have the best DAC built in, but not all amp carry better DAC either (generally, their to amplify sound - the ones that do amplifying and digital-analogue conversion well cost their sheer weight). And whilst Logitech speakers are popular because of their optical out, I actually found them better sounding out of the analogue out of the Elite Pro than the optical out of an onboard card (down side with Creative cards is that their optical out is seemingly restricted to stereo).