Nah, if you are going to do something like this, it would be better to just transfer the CD info to a flash memory and play it out of there. No spinning discs at all after the data is fully retrieved. Or a small buffering delay if you want to just start playing.
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It's called a Mac Mini - you press import under itunes and play back the CD after 2-3 minutes from the hard drive. And the best thing - you only have to do it once. Why the need to have a CDP - a small PC is much more convenient and flexible for the center of the media system.
Joke aside - it you want the full CD read with error correction into a harddrive that take some time. It would be not very practical for a CDP.
It's called an Olive. It actually goes one better. It stores the CD onto an internal hard-drive. Next time you play the "CD" you don't have to burn it again. Its already on the hard-drive.
Here's a like to a mod'd one available now on AudiogoN:
Here's a link to the olive site:
Old news, the real deal is to slot a 64 gig (or bigger !) flash drive (i.e: no moving parts) into your PC of choice with a suberb usb dac, ala one of Gordon Rankins @ :
or from the likes of
UltraFi- iRoc, Benchmark- DAC1 Pre, PS Audio's LinkDac, & VAC's new USB Dac offering...
A flash drive equipped PC connected to one of the above is currently the "killer app" of audio media hubs in my opinion, and in many instances can totally "dust" a megabuck silver disk based front end...!
With an Apple laptop or MacMini and iPhone or iPod Touch for example, you can have full wireless remote control of your entire library with a comprehensive graphical interface which is light years ahead of any of the current competition in this rapidly evolving sector..and being software based can be updated virtually cost free and easily without alteration to your lossless ripped source library.
All the above can still cost less than a premium hardware device, most of which thus far, poorly attempt to combine half the above features in a proprietary manner...just my 50 cents worth !