Depends on what you mean by "easy."
It's a lot easier than it looks. There's no other way to do it unless you have a Sonoma system. The hardest part is finding a Play Station 3 with the correct firmware. I got mine from my secretary because I knew she bought one of the first releases of the PS3.
Although I love streaming DSD, I am always more surprised at how "hi-rez" redbook can sound with the MPD-5.