How early is early? My Philips cd104 from 1984 sounded wonderful from day one......
Audible improvements since those days have been very small. What actually has happened is that you have gotten used to the sound of cd.
A Google of your classic Philips CD104 turns up a some interesting stuff. This owner describes the
14-bit DAC chip, the CD104 uses. He reports that 16-bit resolution was achieved through use of oversampling and error correction/filtering.
Of course, some CD104 owners have since determined that pure 14 bit is audibly superior and created mods to defeat the oversampling. These are describe in following posts. You could be enjoying "
more detailed bass and sound that goes beyond belief" through pure stepped 14 bit audio.
SteveJewels cites a report that correlates higher resolution audio files with a greater sense of well being. It appears that reducing resolution and hand soldering also correlates to a greater sense of well being. The CD104, modded or unmodded would not do well on Amir's bench compared to modern DACs.
This makes sense to me. Our enjoyment of music, whether played on LP or CD, is impacted more by factors like ritual, social interactions, our experiences, prejudices, and focus, than it is by the actual fidelity of the audio played. Of course, as ASR audiophiles, a negative result in of one of Amir's bench tests also directly impacts our sense of well being, even if the deficiencies found are not objectively audible.