Oh the silliness is in full swing today. Unless there's a fault then when using S/PDIF everything sent is received and is bit for bit identical. 'Jitter' affects timing of receipt and the claim is that it can have an effect on what you later hear after the whole D/A stage. You simply cannot. On even the most 'jittery' equipment it is completely beyond human perception.
Jitter is a legitimate topic but it is not an audio concern, unfortunately audiophilia/ignorance have made it one.
Incidentally HDMI has more a lot more jitter than S/PDIF as I recall. I wonder if this affects PQ?
The magazines have already produced reviews which subjectively show that audio performance via HDMI with low Jitter output from BR players such as Pioneer was better sounding in blind listening tests.
The problems caused have been documented in a few magazines as clearly affecting sound quality. Companies such as Benchmark and Weiss designed dacs to combat such problems because it was a concern, not because they found all digital feeds identical.
It can be heard, but you usually have to listen, wether theer is enough jitter to make enough difference is subjective. SPDIF is not perfect, neither is toslink, there is plenty to google and many well educated discussions regarding such, the fact is that most DAC manufacturers addressed such so it is less of a problem for many.
I reclock my digital stream and it is also buffered in memory with metadata removed before playback. In certain systems with certain equipment it makes a worthwhile improvement.
To be honest if jitter was not a problem, DACs such as Benchmark, Weiss or Ayre Acoustics QB-9 asynchronous USB DAC which all address such would not exist. The high end sound cards would not be so well designed.
Edit, in the real world in some pro audio circles and studio's you may find master clocks and other hardware, some of which measure and display errors, jitter and clock inaccuracy as they do thier job.
My own shows the PC to have the highest clock inaccuracy in PPB when connected directly with spdif from the motherboard header.
I am also sure if you google and investigate enough you will find there is no simple answer, and most arguments are simplified nae sayers on both sides with a narrow minded opinion based on what they have read.