$7K to spend on new turntable + arm

The first thing I would consider is upgrading your cartridge, perhaps a Dynavector XX2 mark II or the Ortofon bronze or black(both reviewed in The Absolute Sound.Then with the 5000.00 or so left over I would shop AudiogoN for the rig of your dreams.I am pretty sure that there is more to be heard with your current table then your present cartridge can deliver.
Just my thoughts....
Jofi

Great feedback. Thanks all, as I now have some more options to research.

My phono stage is Nova Phonomena. I like this phono stage because of its flexibility and battery capabilities. I have Wireworld Equinox cables for interconnects (amazing clarity) connected through a Cary Cinema 11 (analog pass-through, analog volume control). This connects to Theta Digital Dreadnaught II Solid State Amp. My speakers are Vienna Acoustic Strauss which are on the sweet side of neutral.

Overall, the system is excellent, but I think my table, though solid, is now the weakest link.

I owned the Nova Phenomina and would upgrade it first. Look into Pass XONO a very quiet competent phono that will do justice to a $7k or $5k after a phono upgrade, TT upgrade. If you choose to do the table first, as I did, you will be upgrading the Nova Phenomina very shortly, as I "had" to !!!!!!!!
I also like and recommend the Basis 2200 or the 2500 with a Vector 3 arm, great performers for the money !!!!!

12-14-13: Bpowers23
Overall, the system is excellent, but I think my table, though solid, is now the weakest link.

I don't know that I agree with you there. I wouldn't bother running a nice $7K table/arm like the Basis I recommended through a Pre-Pro and multi-channel amp. I think the VPI Scout/Dynavector is just fine for your current setup. If you upgrade the table/arm, then you will need to upgrade your electronics as well, IMHO.