Downgrading Help

OK, so I have come to realize that I cannot afford to keep neither high end CD player I own, mostly because a lot of that cash came from credit.

I picked up the Philips SACD1000 player as my replacement for a digital front end. Last night, comparing the Philips to the Wadia 860x I currently own (not for long!), was truly tough for me. The Wadia is just so much better on redbook CD (the Philips I thought was better on SACD vs. the Wadia on CD).

I don't have much $$ to spend ($600) on an improvement: here are my options:

1) get the Philips player modded somewhere; which mods though, and will this really give me an increase in detail (blackness?), dynamics, soundstage depth, and naturalness?

2) get a DAC?

3) wait until I get some more cash, and get a better DAC or more mods later?

I'd prefer to make this player work, rather than getting another seperate CD player....

Thx