11-02-12: Theo
I agree, move on. My experience is, if you replaced the laser something else will fail shortly after. It is 12 yrs old, it owes you nothing.
Umm, that's 16 years, more than half the distance back to the introduction of the CD in 1982.
At this point you may be better off ripping all your music (with a lossless codec) to a PC or Mac, and then get an inexpensive 3rd party music control software such as JRMC, Audirvana, or Songbird to improve the sound on playback.
I'm getting excellent sound with my MacBook Pro plus portable 500 GB hard drive to hold the music plus Audirvana Plus working as a plug-in to optimize the computer for sound while using iTunes as the user interface. You can further improve the sound with an asynchronous USB DAC such as the Musical Fidelity V-DAC MkII. This will sound worlds better than your 1996 CD player.