New CD player or DAC?


Hey guys. I've posted some similar threads on this topic recently but need some advice. I acquired a Playstation 3 to handle video and blu-ray duties. I currently have a Yamaha DVD S1800 universal player, now $79.00 on Amazon(go figure). I want to concentrate on 2 channel cd reproduction as this is the great majority of my listening, especially with 700+ cd's.Shouls I shop for a new dedicated cd player or use the Yamaha and add an upgraded DAC? I'm not against getting a nice, used piece either. Any advantages of one over the other? I'd like to be at $500.00 or under if possible. Suggestions most welcome.
Beernut
128x128beernut
Get a DAC. Sooner or later you might want to run your CDs from a computer server based setup and you will be ready with the new DAC when you do. If you get a CD player all you can play are CDs. There are some incredible sounding DACs out there for cheap these days. The MHDT DACs and Cambridge DAC magic both come to mind in the 500 dollar range.