I would recommend upgrading your CDP to something better first. You could either buy an inexpensive Pioneer CD/DVD player for < $200 that would sound fairly good and give you a digital out from which you could add a DAC.
Secondly, you could buy a good CDP like the Planet or Rotel and YES, you would hear an improvement. I am assuming that the rest of your system is up to it in terms of being relatively musical. You would have to have really bad ears to not hear the difference between the newer mid-fi equipment and the older Denon.
In the budget range you are talking about, these are good options. If you are willing to spend a bit more $, you might consider the Sony 333ES SACD player ($600) or the Sony 9000ES CD/SACD/DVD player ($1200).
I also offer mods to a number of products, for more information you can check out my web page www.modwright.com. My intention in responding to your post was to answer your question, not solicit my services ;).
Good luck and take care,
Dan W.
Secondly, you could buy a good CDP like the Planet or Rotel and YES, you would hear an improvement. I am assuming that the rest of your system is up to it in terms of being relatively musical. You would have to have really bad ears to not hear the difference between the newer mid-fi equipment and the older Denon.
In the budget range you are talking about, these are good options. If you are willing to spend a bit more $, you might consider the Sony 333ES SACD player ($600) or the Sony 9000ES CD/SACD/DVD player ($1200).
I also offer mods to a number of products, for more information you can check out my web page www.modwright.com. My intention in responding to your post was to answer your question, not solicit my services ;).
Good luck and take care,
Dan W.