Depends on your musical requirements. If you just want to play CDs then a quality dedicated CDP is the way to go. If, however, you're looking at streaming or some other technology then a DAC is the better choice.
Leema Pulse MKII-S; Naim CD5i MKII; Denon TU-260L MKII; MA RS6 speakers; Pro-ject Xpression 1; loads of different cables...
Formerly known as plastic penguin
Or just kill two biards with one stone - Harman Kardon HD990, or any other CDP that comes with additional digital inputs. Sorted.
Onkyo TX-8050 / Tannoy Revolution DC4 / Marantz SA7001-KI / Apple TV 3 / Sony PS3 320Gb / Denon DVD-3930
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