I also happen to own a Pioneer Elite DV-37 right now. And while I have bought it originally to use it as a DVD Player, I found out later on that the DV-37 has a very good audio section too. It definitely makes my JVC XL-509TN CD Changer sound like shit. It trounces the JVC so bad, I don't hardly even power up the JVC now. I only use it when I am either having company or throwing a party. But now, how does it sound compared to a dedicated CD Player remains to be seen. I am quite sure if I go out and buy something like an Arcam CD72 or a Music Hall and hook it up, I'm sure they're going to kick the DV-37's butt. But for right now, since I am debating whether or not I am going to get either a Pioneer DV-47A (which is another DVD Player, but instead of the 10/54 video processing that the DV-37 has, it has 12/108 video processing, and it has DVD-Audio and SACD playback) or a Marantz 8260 SACD Player (I want a SACD Player...... and the Marantz seems to strike a chord with me right now........ and at just $1,050.00, the price isn't all that bad either). But as long as you aren't expecting "state-of-the-art" CD playback from the DV-37, you should fine. But again, I don't expect ANY DVD Player to be a sonic equivalent of a dedicated CD Player, and sorry to say, that also applies to the Pioneer Elite DV-37.