It's time to update. I'm from the camp that believes that modern upsampling DAC are way ahead of the last generation. A really great DAC is all you need, BUT you might consider getting a CDP with a great DAC, but make sure that it has a digital input.
I use a Playback Designs MPS-5 with digital in. It's out of your stated price range, but being able to run an iPod or Sonos into its exceptional DAC gives me incredible system flexility. I can play CD, SACD and three possible digital-ins (iPod, server, etc.) all either using the PD's internal transport or external devices.
If I couldn't find a CDP with digital-in, then I'd get a DAC only and use my old CDP as a transport.
BTW, I own a $200 Oppo universal player. When I run the Oppo through the PD's DAC it sounds almost as good as when I use the PD's internal Esoteric transport.
Dave
I use a Playback Designs MPS-5 with digital in. It's out of your stated price range, but being able to run an iPod or Sonos into its exceptional DAC gives me incredible system flexility. I can play CD, SACD and three possible digital-ins (iPod, server, etc.) all either using the PD's internal transport or external devices.
If I couldn't find a CDP with digital-in, then I'd get a DAC only and use my old CDP as a transport.
BTW, I own a $200 Oppo universal player. When I run the Oppo through the PD's DAC it sounds almost as good as when I use the PD's internal Esoteric transport.
Dave