Logitech Squeezebox sound compared to CD Player


I am thinking of getting a Logitech Sqeezebox Touch and was wondering how good it would sound compared to my CD Player which is a Denon DVD-2930ci universal player & a Jolida JD-100A? I have itunes on an external HD (CD's have been imported to via WAV)and also use Media Monkey for my FLAC imported CD's and HD Tracks Hi-Res downloads. Also, are the cables I use to connect to my preamp as crucial to sound as they would be to my CD players? Any advice would be much appreciated. Thanks to everyone.
128x128tune_man
Thanks for the great responses. Thanks Mlsstl, that is exactly the kind of information I have been looking for. The Squeezebox seems to get great reviews everywhere I look. Do you use itunes and Media Monkey as I do or any other suggestions. Thanks again.
Another point to make is that the Squeezebox can be modified to approach many reference CD players. Modding services such as Bolder can improve the analog and digital outputs as well as the power supply. The mods aren't cheap, but neither are those reference level CD players.
"The mods aren't cheap, but neither are those reference level CD players."

I'm sure!
have had two opportunities to listen to SB based systems and both fell well short of the cd player in the same system (sony 5400 and rotel something?). sorry but it wasn't really even close.

no doubt that other set-ups could yield other conclusions but this has been my limited experience with it. for the money spent....the SB seems like a great value but it didn't appeal to me much sound quality wise.
THe DAC in the newer TOuch is supposedly better than prior models and some have praised it, especially for the price.

I use external DACs only. TOuch + good external DAC to personal taste is hard to fault IMHO.