Upgrade Path: CDP or Preamp


Howdy,
I'm a little perplexed. I've got the upgrade bug and I'm not sure how to proceed. I would like to augment my system by replacing either the CDP or the preamp. I'm not sure which one will improve the system's sound the most and give me the best sonic improvement for my money. I, of course, can replace one then the other, but which one should I replace first? For auguments sake my budget is around 1000 bucks for either component. I love jazz and of course a variety of current and classic rock. I mostly listen to cd's but I do have a turntable and a bunch of albums (these are less convenient to use since they've been relegated to the basement). I also use the tuner quite a bit for backround listening (the tuner in my preamp is poor, but I have a classic Mitsubishi analog tuner in another system I would use when I replaced the preamp). Overall the sound is good, minus the tuner. I know it can be better. Any suggestions would be welcome. Thanks in advance for your responses.

My system:
Denon DCM 370 changer sitting on a set of Vibrapods
Music Hall MMF 7 TT w/ Goldring Eroica Cartridge
Creek OBH 8SE MM phono preamp
B&K PT3 preamp/tuner
Odyssey Stratos amp w/ cap upgrade
B&W CDM 9NT's
Van Den Hul D102 III IC's connecting cdp to pre to amp
Monster something or other connecting phono pre to preamp
Monster 12 gauge speaker wire.
hammergjh
CDP Shootout:
Ok, after just over a week of burn in, here is my initial evaluation of the sonic changes in my system. The Rotel is definitely a subtle improvement, smoother treble and an extended bass response, better overall. This was more noticable w/ poor recordings. On good recordings, I couldn't really tell the difference.

Oddly enough, the Rotel is not as sonically quiet as the Denon (mechanically the Rotel is the clear winner, better transport, etc.). With both units powered up and not playing, I turned the preamp to maximum gain and switched back and forth between the two. The Denon was as quiet as any source input on the preamp w/o anything hooked up. The Rotel emitted a noticable electronic hiss. It disappeared when I turned the Rotel off. Do I care about this? I'd like some feedback if possible.

Thanks.
Hammer
As a tube and vinyl lover with a low-output moving coil cartridge (therefore, enormous amounts of gain), I can't say I mind much about circuit noise at max volume--especially hiss. Hum, especially 60 HZ hum, would be more worrisome.

In use, my volume control never goes past 2 o'clock. There is some noise there if I turn it up all the way, but I consider it of no significance.
Wait until your wife cools down and then buy an Anthem Pre-Amp off Audiogon, preferably one with upgraded tubes. They are a great deal, sometimes around $500. I think that you'll like the tube soundstage. If not, you can always sell it.
If you can go a little higher than $500, there's a Klyne SK-5A for sale here at $695. It would keep you happy a long time. When your bank account is healthy again, a Klyne would be a good catch. With respect to Pmi_guy, even better than an Anthem, IMHO.

Stan Klyne still services the SK-5A, even though some parts are no longer available.