Baddabod-
I'll throw my $0.02 in here in defense of Audioengr, since I've got no skin in the game as to whether or not you go HD or transport. My computer based rig sounds to my ear as good as my Eso DV-50s when run through my dCS upsampler and DAC. In terms of economy, I use Apple Lossless (yes, it in fact is lossless, bit-perfect output from the USB) and, by my estimate, I could fit about 2000 CDs (this includes redundant 128 kbps AAC files for *every* song for use with my iPod), with album art and full tagging, on my 1TB RAID 5 box. My 1TB RAID 5 box was under $1K to my door (I've actually got two--a 1TB Terastation and an older Dell Powervault that was much more expensive, but probably unnecessary expense). Its a highly reliable system and the ability to access songs is unparalleled.
OK, you can buy a nice transport for less than a grand.
But, can you get to any song in your collection in less than a second? Can you create playlists that are accessible anytime you want? Can you play a playlist and have hours, or even days, or continuous music? Can your girlfriend/wife easily select songs and use your gear? Do you spend time cleaning CDs? Are there unplayable CDs in your collection (there used to be in mine, but EAC eventually gave me playable .wav files from them)? Here's my favorite... Can you access any CD from your transport when in different rooms? I use some thin-client network devices and can have access to similar functionality in my garage, my pool room, my study, my bedroom...
Trying to do a $ for $ comparison just doesn't work--computer based audio provides you with a host of functionality that a transport will not...