After reading the website in more detail, the ELP turntable is claimed to be ANALOG from laser all the way to the output stage. There is a reply made by an owner in the Audiogon discussion that says the same thing. So I was wrong in the digital to analog conversion. (Several asked the same question in the thread!)

I'm not sure how a laser can read a physical medium and do it in analog from start to finish. From the descriptions, it is a technology I'm not comprehending. But it gets stellar reviews from owners and journalistic/industry reviewers alike.