Some good CD players have optical/coaxial inputs so you can use their DAC, does your Marantz have this capability? There's a Cambridge Audio CD player which does this, I *think* it's the 740C (and possibly other models). It has at least one nice Wolfson DAC in its output. It may also be possible to change the DAC inside your MD, you'd be surprised how many parts like this are pin compatible. I think though, as others have said, what you're probably hearing is the fundamental limitation of the MD format - it is compressed. And while replacing a cheap DAC with a better one will make the situation better, it won't get you past this limitation.