Experience may force me to change my opinions to at least some extent. I bought my new Cambridge CDP and integrated largely based on looks, feel, reliability, and build. It turns out, however, that the sound quality is also quite noticeably better. (What percentage of the improvement each piece is responsible for remains to be determined, however.)
Don't read too much into this. It is only a case of a really well made $350 single-drawer player sounding better than a $160 mass-produced changer. Whether or not a more expensive CDP (such as one farther up in the Azur line) would offer further improvement cannot be determined from this experience.