I did just that 3 weeks ago. I purchased a Naim CD5i-2 and loved the Naim sound so much, I decided to upgrade. I bought the CD5X and Flatcap2x together (both used) for twice the price of the CD5i-2. I have not played the CD5X without the Flatcap2x though. IMO, I don't believe that paying the list price for the CD5X without the Flatcap2x is worth the price. From what I have read, most say you do need the Flatcap to extract all that the CD5X has to give.
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