Yes, it was the volume... set the volume to 17 in picochess.ini and stored the alsamixer settings so I could reestablish the 100 volume setting at boot. Good now.
Initially, I didn't know it was the volume, because if I restored the alsamixer settings a second time the volume was good, so I was chasing the configuration. Then at some point I held the speaker to my ear and faintly heard the audio.
I like to have the option to play with the DGT Pi but prefer the e-Board setting in the Desktop version. That was a great enhancement... It's nice to have the Power menu option to return to the desktop. That was my main reason for upgrading to the latest release.