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At what price point do turntables sound better than comparatively priced CD players, then?

I've got a Technics SL-B200 turntable. It needs a new belt, among other things, Probably a new cartridge, and I'd eventually need a pre-amp, because running it through a old receiver is a bit awkward. If I buy the replacement parts, is it going to sound half decent? Or will I be throwing good...