Yes, the CD12 has been discontinued. The chips it uses became unavailable, so Linn had no choice. They claim to have an adequate supply for any needed repairs to current units, but no new CD12s have been made for well over a year.
Of course I haven't heard all the available CD players, but being familiar with the CD12, I would say yes, it is head and shoulders above things in this price range. There is always the matter of personal taste, and digital sound is very personal, so nothing is absolute. Still, I think most people who have heard it agree the CD 12 isn't bettered my many things at any price point. Bettered by some of the newest ultra high end digital sources perhaps (think Meitner), but not by anything else.
Of course I haven't heard all the available CD players, but being familiar with the CD12, I would say yes, it is head and shoulders above things in this price range. There is always the matter of personal taste, and digital sound is very personal, so nothing is absolute. Still, I think most people who have heard it agree the CD 12 isn't bettered my many things at any price point. Bettered by some of the newest ultra high end digital sources perhaps (think Meitner), but not by anything else.