@dafox I don't owned ether of these transports. However, I am currently in the market for a dedicated CD Transport and as a result, I have been doing a lot of reading on the Jay's, the Project and the CEC's.
From my readings, if I remember correctly, if people have been able to get a Project that is not defective, they have really loved the sound they get from using it. But, it sounds like there may have been a lot of faulty Project units, to the point that they had stopped selling them until they could find a reliable fix for the faults that were occurring. I am not aware that they have yet started selling the Project again.
If anyone knows differently, please correct me if I am wrong, as I think the Project could have a lot to offer for a reasonable price no less.
Best wishes,
Don