If there's one buzzword in high-end audio for the 1990s, it's undoubtedly jitter. "Jitter" describes timing variations in the clock controlling the ones and zeros that represent the analog audio signal. If that clock isn't stable to an extraordinarily precise degree, the sound quality of the digital processor will be degraded.
A CD transport/digital processor combination introduces jitter in three ways: 1) the transport puts out a jittered signal; 2) the S/PDIF or AES/EBU interface between the transport and processor creates jitter; and 3) the digital processor adds its own jitter to the clock. These additive factors are largely responsible for the great range in sound quality we hear from different transports and interfaces.