Dedicated CD player vs. Universal Player


I've been thinking about getting a blu-ray player for video and replacing my Yamaha universal player with a dedicated cd player. Question is do universal players compromise the quality of redbook cd? I've heard pros and cons but wanted to get some opinions. Also, what might you recommend for a cd player $500.00 and under? Any sleepers out there?
Thanks!
128x128beernut
At the $500 price point, none of the DACs or cdps will be an upgrade to a universal player in the same price range. Subtle differences yes, upgrade no.
Interesting input. I had toyed with the idea of a computer based source or perhaps a server of some sort. However, with 700+ cd's on hand, I can't see me spending the time transferring them to either. I was curious as to the point of dominishing returns, the DAC's in many players are cutting edge.