Really need a DAC w/ a great CD player

Npotter- I would suggest that you not discount the importance of a good transport in the overall sound of a transport/DAC combination. Also, the platform under the transport will have an effect on the sound(vibration equals data errors/corrections). The DAC's performance will be limited by the quality(accuracy) of the data that is fed to it. Yes, a simple transport will produce sound, but rarely the emotional connection found in music. It all comes down to your expectation level based on the quality of the rest of your equipment. Just MHO. Goodluck.

Gallaine- I agree with you on the idea that separates aren't always better than a properly implement CD player. Though more expensive than the units previously mentioned, the Cary 303 and the Electrocompaniet EMC-1 are just two examples of outstanding CD players at their respective price points. On the used market, both are bargains. Just MHO.