Only problem is, you can't control the volume. If you use the digital volume control that is the typical fare, you can expect it to sound worse than using a preamp.
The other problem is that not all CD players can control the interconnect cable, which is an essential part of the job that a preamp should do.
The other problem is that not all CD players can control the interconnect cable, which is an essential part of the job that a preamp should do.