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.
128x128tune_man
Thanks again for all the great responses. I am looking forward to trying the SBT as it seems like such a great value. They can be had new for about $200 now (or a little more)seems like it is worth a try. I would still keep my Universal Player & use both, why not?
TM, good luck. We'll be interested in your findings. Let me know if I can be of any help with the Touch.
Thanks Mapman (and everyone else who contributed here). I am now looking for a super deal on one. My goal is to pick up a brand new one for about $210 or so which I think is gonna be possible soon . I will let you know the results. I will start out using it totally stock (with no DAC) & get a point of reference from there. I will be streaming ripped CD's via FLAC files on Media Monkey, and WAV & AIFF files from itunes to start. Also will be streaming Radio Paradise MP3 192 Kbps internet radio. Should be fun.
Good luck and I think you will be fairly impressed with the Touch on it's own. But it really needs an outboad DAC to shine. I use Media Monkey to sync my iPod, but you really won't even need it to stream to the SB. You will use the Logitech Server software bypassing any other file management system.

Shakey
12-09-11: Mapman
The things I read that might make a predictable difference is choice of ic out, and nothing shocking there and maybe power supply but I would not expect much difference from that.

Mapman, I would suggest you give an upgraded, non-switching power supply a try. When I added a Bolder modded power supply to my Squeezbox 3, it made a very noticable improvement. Deeper, tighter bass and more extended, airy highs.