Another point to make is that the Squeezebox can be modified to approach many reference CD players. Modding services such as Bolder can improve the analog and digital outputs as well as the power supply. The mods aren't cheap, but neither are those reference level CD players.
Logitech Squeezebox sound compared to CD Player
I am thinking of getting a Logitech Sqeezebox Touch and was wondering how good it would sound compared to my CD Player which is a Denon DVD-2930ci universal player & a Jolida JD-100A? I have itunes on an external HD (CD's have been imported to via WAV)and also use Media Monkey for my FLAC imported CD's and HD Tracks Hi-Res downloads. Also, are the cables I use to connect to my preamp as crucial to sound as they would be to my CD players? Any advice would be much appreciated. Thanks to everyone.