Summary:
Having owned a Teac cdp3450se for a year now, I can confirm that it is a solid and reliable cd player for only £200. Hifi Choice, Hifi World and What Hifi seem to like it, for the reason that it doesn't sound remarkable, or that it won't upset the rest of your system. One thing readers may wish to consider is a 'clock2 upgrade' from Trichord. This should cost about £100 and affects the transport clock only. The sound will blow away all £300 cd players, and challenge the great Arcam 8se. Praise, indeed. The unmodified Teacs are good sounding, if slightly bland machines, but at least you know that it will continue going for the forseeable future. This is a honest and reliable cd player. Recommended.

Summary:
The 200 pound (in England) 3450SE received a "Best Buy" rating from Hi-Fi Choice, but my experience would indicate it was over-rated.
The sound of this player is very detailed, yet I'm afraid this is the only compliment I can give it. The treble is much too bright, one could say harsh. I A/B'd it with my Rotel 965BX - the Rotel was less detailed, but much more musical and less aggressive. Hi-Fi Choice described its performance as "consistent, amplifier friendly...in different systems". I have auditioned it feeding a NAD 712 connected to a Celestion CS-8, and the result was, well, not at all musical. Classical music listeners, keep away!