I started using my Pioneer DV05 (instead of an old Studer/Revox A727) and am very happy with it. It's musical and enjoyable to listen to (but I haven't tortured myself by comaparing it to more expensive players). I can always upgrade by adding a DAC. CHeaper alternatives include the $200-ish Pioneer DV333 (with Burr Brown DAC chips) being modified by someone like Stan Warren for $200-$250, or using the $200 DV333 with a modified Link DAC ($450ish). I doubt you'd get a better player without paying much much more.
Best CD player for $700.00
I need to upgrade my old CD player (Mag CDB 650). I am considering the Adcom GCD 700 which lists for $700.00. It sounded very warm and open. What are some other alternatives and how do they stack up to the Adcom. Your help is appreciated