Sorry I'm just a beginner so I can't be helpful to you. Anyway Cyclone II (it's placed on the DE1 board right?) support LVDS signals so I think it's possible to use LVDS as ADCs as described in the link you gave me.
you can find more infos about sigmadelta on wikipedia:
http://en.wikipedia.org/wiki/delta-sigma_modulation or try this tutorial by analog device:
http://www.analog.com/static/imported-files/tutorials/mt-022.pdf http://www.analog.com/static/imported-files/tutorials/mt-023.pdf because of I'm interested in applying a ADC to my board (DE0) too, if you can get results, can you share with me? :)
regards
GP