Mapman, I couldn't hear any difference between CDP (coax) and Airport Express (Toslink). I've never tried different brands but compared very short (<1') and 2m long generic coax (self made) and couldn't hear any difference.
Now my CDP is a cheap Blu-ray player wired thru my TV (HDMI) to Benchmark (Toslink) and I still cannot hear any difference switching to AE. It is possible that Benchmark's jitter supression is good, but unfortunately it can also mean that my hearing is not that good. Either way sound is very clean and smooth suggesting no jitter presence.
Now my CDP is a cheap Blu-ray player wired thru my TV (HDMI) to Benchmark (Toslink) and I still cannot hear any difference switching to AE. It is possible that Benchmark's jitter supression is good, but unfortunately it can also mean that my hearing is not that good. Either way sound is very clean and smooth suggesting no jitter presence.