Dedicated CD player vs. Universal Player


I've been thinking about getting a blu-ray player for video and replacing my Yamaha universal player with a dedicated cd player. Question is do universal players compromise the quality of redbook cd? I've heard pros and cons but wanted to get some opinions. Also, what might you recommend for a cd player $500.00 and under? Any sleepers out there?
Thanks!
beernut
I would recommend a Cambridge Audio 640C V.2 or 650C as a dedicated cd player. I have a 640C V.2 and it is much better sounding to me on redbook than my Denon DVP-2200 universal player.
It also depends on whether you use an outboard DAC. It's good to have more than one player though.
I don't use an outboard DAC though I have considered it. I'd like to keep things a little simpler with fewer connections to contend with.
Thanks!
Do you have a Home theater processor or are you using the analog outs? A DAC would make it possible to get good sound with only one player and would lessen the number of inputs to your preamp. I still like to have more than one player. I have an Oppo universal Blu-Ray player and a Denon universal as well as a DAC.