Scoff if you must at the compact disc format, but I personally find it the perfect medium. Much more durable, portable, and lower maintenance than vinyl. Less ephemeral than high-res digital, and given the staggering variety of music on CD, significantly more opportunities for exploration, discovery, and learning about music of all kinds. I'm sure I'm not the only one who has spent years lovingly building a CD collection that will continue to please his ears for hopefully many years to come.
That said, I bought this TEAC CD receiver a year ago at the full price of $500. It was pretty much everything I needed - CD player, line in, sub pre-out, 4 ohm speaker output, headphone output, and a compact footprint for the small space where I planned to set it up. The unit I ordered turned out to be defective. With the "loudness" mode turned on, clicks, squeaks, and snaps riddled the sound. After literally MONTHS of arguing with TEAC while they diddled around with the defective receiver in their shop, waiting for parts to arrive from Japan, I finally convinced them to send me a replacement unit at no cost. The new one works fine. I wouldn't call it outstanding - four out of five stars, maybe - but it is reliable and delivers clean, detailed sound. It's not a pleasure to operate - the controls and display more utilitarion than sexy or smooth - but it's not too irritating either. Matched with Onkyo bookshelf speakers and a Polk Audio 10" sub, the sound is plenty powerful for my taste and the small bedroom where I use it.