CD players, one box or seperates?

Not a cut and clear situation. The advantages of 2 box can easily be offset by the disadvantages of the digital interconnect cable. At the the very high end, 2 box is definitely worth the effort. Well designs 2 box systems (including the digital cable) will produce an across the board increase in all sonic areas. For below $5k (MRSP) I would recommend going with a single box player. However, if you have a relatively low cost one box player, say $500, then adding an outboard D/A in the $1k neighborhood should produce worthwhile improvements in sound quality. As with everything, there are exceptions to what I've just stated.

I am guessing it is harder for smaller companies to manufacture transports. So the selection of high value DACS are many... MSB, Perpetual, etc. So many really great DACS for cheap.

Tough question. Four and a half years ago I bought a new DAC and transport. I made the decision to buy seperates thinking that with the high rez formats coming I would have the flexibility to swap out and/or upgrade the units to take advantge of the new format. It now appears as though I out-thought myself. The manfacturer is uncomitted to upgrades for the units that I bought even though they are both still in production. I currently intend to do nothing until the hi rez formats straighten themselves out. If one or both of the units failed beyond repair tomorrow I would probably look for either a used hi end (Meridian, Levinson, ARC, BAT, etc) single box CD player or watch for a used SACD player. Once the SACD/DVD/CD debate gets straightened out I would/will probably go single box. Regards, Doug