Dedicated Red Book CD player vs. "Universal" type players....

My personal experience has been, and this is very condensed and generalized, that dedicated CD players sound better playing redbook than multi-function players of equivalent cost.  I've owned the Sony SCD 9000 and 5400, as well as an Esoteric X-05 and all were outperformed on redbook playback by both my Naim CD5x/flatcap, CDX2/Supercap (albeit more expensive) and current EAR Acute.  I have not had the opportunity to hear the more expensive multi-format players such as the Playback Designs or Esoteric K-03, so the results may change there.  But they're just SACD/CD.  I'm not sure there's a video player out there that will compete with the best non-video players.  Personally, in your position, I would buy the Oppo, which I'm sure does a good job with video and even SACD and later add a good dac for redbook if you're unsatisfied.  Good luck. 

Thanks for the input above! The idea of a "all in one" box has it's appeal. I was concerned that cd play back is compromised with all the added circuitry in that box....However, if it's close enough based on cost, an Oppo makes sense...

In the end, it's all about your own level of sonic perfection required.  Get the Oppo, break it in and then, maybe 6 months to a year down the road, compare it with a really good redbook player or DAC.  You'll either say - wow, this dac is amazingly better or a little better, or no difference.   But nobody can predict that until you listen.  Enjoy the Oppo.  I'm thinking of getting one myself.  I would like to play my SACDs and DADs again.  

Yeah, question is which Oppo now :) BDP105 or the newer versions that just came out 

Yeah, question is which Oppo now :) BDP105 or the newer versions that just came out

If budget doesn't compel you to do otherwise, you want the UDP-205. Many owners of both unequivocally state the 205 is better sounding. And it should, given the more advanced DAC chip.