Sony CDP-297

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I purchased a Sony CDP-297 yesterday for $10 and am wondering how it compares to say a Sony PlayStation 1 (SCPH-100X) in terms of audio reproduction.

I have not yet had time to test it. I bought it because it was cheap and it has a sticker on the front saying it has a 1-bit Pulse DAC, but I have no idea if that's a good thing. Anybody know?
 
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