Will computer to DAC replace transports and cdp's?

From my limited reading it seems that a cd burned to a hard drive will be a bit for bit copy because of the software programs used to rip music files. A transport has to get it right the first time and feed the info to a dac. Wavelength audio has some interesting articles about computer based systems and have made a strong statement that a transport will never be able to compete with a hard drive>dac combo.

Anybody care to share their thoughts?
Two things (well. maybe three) are stalling my move to HD:

First, I will miss having easy access to the composer and musician information that's on the CD liner.

Second, I think to make it really work, I'd need a computer display at my listening seat, which is in the living room. That would be decor-unfriendly. Also, I'd need to run a USB cable across the room. Dennis, you mentioned controlling the whole thing with a Palm. How would that work? (I have a Squeezebox, but it's not an ideal browsing interface.)

The third thing is having to go back to separates, or find a CDP I like with digital in. I'd be very reluctant not to have regular CD playback capability, so would still need a transport of some kind.

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I've been thinking about this. I have a headphone system that is iTunes based (headphone amp has a USB input) and it is so damn convenient, but my main system is CD only. I was wondering just yesterday why the newer CD players don't seem to have a USB digital input like many have a S/PDIF digital input. There are a very few DACs that do, but I've not seen a player that does. I think that would be an appealing feature, to be able to run iTunes through your favorite CD players DAC (I'm not interested in the USB to S/PDIF adapters).
I agree. CDP manufacturers should be adding these capabilities to their players, unless there is some compelling reason not to that I don't know about. As I've said before, I'd be a serious buyer for the Ayre universal player if it could accomodate digital in. Without it, it's hardly "universal" anymore.