Get a new CD player or external DAC?

Do you listen to the SB or CD more? If you listen to the SB a lot, then I think getting a DAC would be a more versatile choice. If you like your cambridge gear, then you could get their new DAC (the magic I think it's called?) from Audio Advisor or another dealer and evaluate it, that way if you don't love it you can return it. I have a Bel Canto DAC 3 and love it, but if you're budget is around 1500 there are a lot of choices, including the New DAC from Bryston, the Benchmark, PS Audio, etc.

If you are looking for a warm sound from a DAC then you could go with an MHDT Havana. I really liked it when I had it in my system, although if you're switching sources frequently it's not the most convenient since it has no input select switch. I preferred the Havana to the wavelength brick in my system. I know people also like the dacs from Ultra Fi and Red Wine Audio. The Benchmark is a much more analytical sound. I had one and it didn't mate that well with my old system. The Bel Canto which I have now isn't tube warm, but I find more organic than the benchmark in my system. I'm running balanced as well.