I know Boston Acoustics has a new radio that isn't too big you might wanna check it out. I think it cost less than $200.I think the Recepter Radio is what you're referring to. It's $159 directly from Boston Acoustics. However, it doesn't have a CD player, which I believe Bill is looking for.
Other than that, I'd echo everyone else's comments. My in-laws have a Wave Radio/CD and they are ga-ga over it, but when they played it for me it certainly didn't blow me away. It's a small, attractive package but sound-wise you can do a lot better for the money.
- Andy