You know, if they would've added an II2S output I might've said OK I'll upgrade, but now, no. I notice that my CXC V1 needs to be fed fairly pristine CD's otherwise it behaves badly. I had an Oppo UDP-103 and the CXC actually sounds better to me, but I was going through the Oppo DAC and didn't try it as strictly a transport, so I have no real comparison (except that the Oppo would play SACD's and was much more forgiving with scratched/scuffed CD's).
Cambridge Audio CXC Series 2
Cambridge has come out with the Series 2 CXC transport. Based upon a conversation I had with a dealer the only differences between it and the original model are a new faceplate and finish; there's no technology change. Cost bumps up $150 for the cosmetics. If you have plans on buying the CXC the original version is on sale as I guess stock needs to be moved out.