I heard the CDT-100 a couple of weeks ago, and I was quite impressed.
It was playing through a set of equipment with which I'm not familiar, but which has the reputation of being really top-flight: a Rowland amp (the 302, I think), a new Aesthetix Calypso line state, and Piega C10 LTDs. I'm sure the room contributed a lot - it is custom designed and built at a cost into the low six figures - but even if the other stuff is outlandishly good, the Shanling was still driving it and certainly wasn't degrading the sound.
The unit in question is stock, with no mods. The only thing I can compare it to is an SME 10 / Graham 2.2 / Rhea heard playing in the same setup (I just realized I don't know what cartridge he's using). I'm generally an analog fan, and I was surprised at how close the Shanling was to some pretty good analog in that environment. The big difference was that the analog extracted noticably more of the hall ambience on some classical recordings.
An anecdote on the Shanling. On one CD that my daughter knew but I didn't, there is a bell tolling in the distance. In the *far* distance. In the reproduced image, that bell is SO far in the distance, that I thought it was the bell from the church about a quarter of a mile away, rather than on the recording! Now THAT is a deep image!!!