from my demo experience, adding a dedicated cd player can make a substantial improvement in sound quality, depending on the following: overall quality of your system & how your hooking the cd player to your pre-amp or receiver. if your using a digital connection, there very well may be little to no difference. using an analog connection, differences in cd players can be heard. i demoed the rotel cd player 2 years ago with a rotel amp & pre-pro, & it was not a good match with the speakers i had then (klipsch rf-7). i currently have a cary dvd6, but have demoed several times both the cary dvd7 & the cary 303/300. both the dvd7 & 303 have xlr outputs which at least with the cary players was an improvement over the rca outputs. the dvd7 is a substantially better redbook cd player than my dvd6 when using the xlr outputs, however the 303 is better still, wider soundstage, better imaging, improved bass, particularly w/ a symphony, when directly compared to the dvd7 it sounded congested, or in a way unable to clearly distinquish all the information in a coherent soundstage. is this b/c the 303 is cd only & lacks video circuits, or due to other differences in the 2 machines? i don't know. the digitial xlr output of the 303 was also very good, but not of the same quality as the analog xlr output.
i also have on demo right now a 5910 (not the ci version) which appears to be an improvement over my dvd6 for redbook cd, although i have yet to do any extensive back to back listening. i would really like to demo the 5910 with the 303 & see what the differences are for redbook cd, but don't know if i will be able to get a demo 303 while i have the 5910. from memory, the 5910 appears to lack the dynamic impact of the 303 using the analog xlr output. this may be due to the 303 have a substantially higher 6.0 vrms output on the xlr connections than the 5910's output using rca connections. within the 303 itself, there is a noticeable difference switching from the rca to xlr connections, and this was true as well for the dvd7.
while i have not decided what to purchase yet, as i am frustrated that i have yet to find a one box solution (the 303 is redbook & hdcd only), the 303 was a substantial improvement when i had it in my system, perhaps an even greater improvement than adding my new cary 500 monoblocks. based on sound quality alone for cd, i would have bought the 303, but am hoping to find a universal player that is as good as the 303 for redbook. also waiting to demo the cary cd306 sacd player before i make up my mind.
i have not demoed it (yet) but depending on budget may also want to look at the mcintosh cd/sacd player, which i have heard in an all mac system with both my speakers (sig 8) & the reference 100v4 numerous times at the dealer with impressive results. when i return the 5910 i may see if we can hook it into the mac system & compare the two players.