First, depends how you are buying. I buy most of my music as downloads in 24/96kHz. So, of course, it goes to a hard disk. Occasionally I buy CD's as well, and I rip those too, and that's fairly painless for me with MediaMonkey.
If you are really buying DVD's, and like to spin them then the Oppo is a very good solution and you can feed an external DAC directly. If multi-channel is your thing, you can get pretty crazy buying an Oppo 103 and buying digital out boards. :)