The pops and clicks are probably because the optical converter in the cable is not working with the M1. The cable/optical transmitter draws its power from the unit it is plugged into. I've only tried it with the SBM1, but it almost definitely would work with the D3, will probably work with the D7/D8, and won't apparently work with the D100/M1. The D100/M1 supposedly puts out 3.3v, the D7/D8 4.5-5V and the D3 (and SBM1) about 6v. The optical transmitter chip needs about 5v to work correctly, so with the 3.3v out of the M1 it just isn't getting enough juice to function correctly.