I had the opportunity to hear the Denon DCD-A110 Anniversary Edition SACD/CD Player last night. It was in a system with a Musical Fidelity M6SI integrated amp, and Spendor A4 speakers.
Physically, the CD player is a 40 lb beast--nicely machine gun metal/graphite grey all metal exterior, including the CD drawer. It also has a great remote. Outputs are both balanced and RCA. I did not hear the unit via XLR because the owner has many SACDs and they only play via the RCA jacks. The sound characteristics of the CD player are detailed and not clinical or harsh because it has a warm sound. It projects a bold, but not fatiguing sound.
For me, while the warm sound is appealing, it comes at the expense of imaging and soundstage. Beyond the first layer of instruments and vocals there is a noticeable drop-off, or recess in drums, bass and music that is in the background. So, it loses some front-to-back three dimensionality as a result. Nonetheless, I liked it, but would not own one.
I'm still waiting for the opportunity to hear the TEAC 701T. BUT, the clock is ticking....my loaner goes up for sale on 12/1, and I have first dibs. The owner says purchasing it, and getting a replacement CDPro2, just in case, from ARC ($500 with S/H) is a no brainer with my ARC components.