Just as an update to my previous questions. I received the Rega Planet on Monday and hooked into the 1050 using the 5.1 direct inputs. Put in the first disk, Pink Floyd greatest hits and wow - I was blown away. The music was so enveloping, I was walking around the room checking on my surround and center speakers to see if they were playing. They we not. I would of never expected that my little Paradigm Atoms could sound so good. Even without the bass management of the 1050, the Rega was noticably better then my Sony DVD player. I actually begin to understand what audiophiles mean by hearing a soundstage. I haven't tried the digital out yet, but may pick up an extra interconnect this weekend to see if the sound improves using the Rega as only a transport and using the 1050 as the dac.
One final question (I hope) to any Rega Planet users, has anyone figured out the code to control the cd player with the 1050 remote. I tried to have the remote do the search, but couldn't get it to work.
Thanks again for everyones responses to my original questions.