Ok time to step in as I have a bit more time to write now.
again I am really intimidated by all this
No need to be. You are being kind and being attentive. With a little bit of patience, you will learn it all. We are all here to help each other out.
I don't consider it a clunker, quite the opposite
It is definitely a clunker. The reasons are already provided by others here.
I just see people buying CD players at rediculously outrageous prices in the thousands of dollars, Bryston comes to mind along with so many others, why is that if this format is at it's pinnacle and can go no futher, the only reason I have stayed with media is I don't know any better
For the very same reason that you see many people buy cigarettes - are you going to buy them too?
They buy/sell the ridiculously priced outrageous CD players because they have a lack of present
"working knowledge" on audio products or they just want to
show off or simply to
make money. The clunker that you have is nothing to be proud of but some self-proclaimed so called "audio enthusiasts" in a high-end audio store will be happy to sell you one even today. The solution for them is to learn about new products which is what you are here to do. Audio information is 0s and 1s whether it is on a CD or on a solid state. Solid state/Hard disks are efficient and more reliable than a CD at any given day/time. People at most high-end audio stores are
generally very reluctant to give up and accept the new and more efficient ways to store digital audio. I don't have time to argue with them because I know they aren't going to think out of the box anyway simply by me telling them. What they need are a few dozen trips to their university/local library, and read through a book on Compact Disk Drives and how digital media is encoded/decoded.
They also need to realize that the "sound quality" depends on the DAC being used and not the clunker. Put a quality DAC (like the logitech squeeze box or an external DAC) with a $10 phliips cd player you bought for your daughter when she was 8 and it will be just as good (if not better) than your ROTEL clunker. Hard but 100% true if you are willing to accept it.
The person who suggested you a 2 TB hard drive seems to understand the whole idea behind efficiency.
I really need to start researching this, my computer is fairly close to my sound system,
You definitely need to re-consider your options but you may also want to re-evaluate your goals. What is it that you are trying to do? Are you unhappy with the sound or are you unhappy with the way you store your audio record? Otherwise like the first responder asked, do you have an itch to buy new audio stuff (and no there is definitely nothing wrong with that). But you are doing the right thing - learning. Then you will be able to make a well informed decision of your own and that's the way to do it.