JohnI have a CD/MiniDisc Player (It's a Goodmans) It's very useful in that you can record from a CD to a MiniDisc in very much the same principle as recording tape to tape.
You can of course record from a tuner, record player etc. via an amplifier. The only drawback is that you can't record to a CD.
Price-wise they are a lot cheaper than £500!
Dave R.