Next ? Is DVD audio as good as CD?


I am going to upgrade my CD player A few people have said I should consider a DVD player with 24/96 DAC's ie Pioneer dv37 which is in my price range (see previous post). Is this a feasible alternative to a $600-700 cd player? I would like to have a DVD player since I don't have one yet but I don't want to sacrifice sound quality. As always thanks for your input.
artemus_5
I can only speak from my own experience, but the sound I'm getting from my new Pioneer DV-37 is better than the Rega Planet CD player I previously owned. In addition, the DV-37 will also play 24-bit/96Khz disks (digital output into my DSP pre/pro). I personally think it makes no sense to buy an expensive, high-end CD player, and I have absolutely no qualms recommending the DV-37.
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I use my Pioneer DV05 and I enjoy listening to it (the DV37 is it's replacement). I talked to Stan Warren about mods and he said that Pioneers high-end models (DV05, DV37, DV09, etc) use Japanese DAC chips, but the cheaper models (DV525, DV333, DV434, etc) use Burr Brown chips. The more expensive models may sound better out of the box, but the cheaper models could sound much better with $200 to $250 in mods (on a $200 player). Stan says that the cheap modded players sound very very good (total $450)...better than the more expensive models and they have much more potential (he can't do much with the Japanese DAC chips).