Hmm...not sure about the CEC. The D/A converter is quite nice, and I know CEC has made some insane CD Transports in the past (think $17.5k), so I would think that quality would trickle down to their lower end stuff.
That said, you can get a brand new CD player with a slightly lesser DAC (24-bit/96kHz as opposed to the 24-Bit/192kHz on the CEC) from AV123. Their
Onix XCD-88 is $300 right now. As Sleestack said, it's a good option. AV123 products have very high value. Seeing how the original retail of the CEC was $600, I would say that, figuring the markup of middlemen, the Onix is probably of comparable quality. Plus, you can spend $50 less (without haggling) and get a brand new player with a warranty.