Ripping CDs from a Pioneer Elite DV-47A?

Hey folks,

Wondering if there is any way to rip from my existing player.  Is there an interface or converter that would allow the Pioneer to stream via it's SPDIF coaxial output into a computer?

I kind of doubt it, but thought I would ask before going out an purchasing a dedicated cd ripper setup.

Thanks guys!

Assuming you have a windows PC, if the destination of the resulting disk file is a computer, why not just use windows media player (already included) or *best* exact audio copy? Point is, perform the rip on the computer you are wanting to ultimately send the files to. 
An addendum to my previous post.... Assuming you have a windows PC *with an optical drive*......