03-09-07: Seandtaylor99
As the owner of a P3 (with a Michel Tecnoweight and Funk Achromat, both of which are significant upgrades on stock) and being the owner of a $1k CD setup I have to say that I don't think a P3 could compete with a decent $3k CD player.
I am the owner of a highly regarded $2500 Universal player, that I suspect would retail for $4000+ if it was an OEM machine. On several recordings, of which I own duplicates on vinyl and redbook CD and/or DVD, my MMF-7/Lehmann Black Cube combo betters the digital source.
In out-of pocket dollars, I have about $500 less invested in the vinyl rig. I bought all the gear used...both vinyl and digital playback.
YMMV...