I would like to start upgrading my system. I listen mostly to classical and jazz music. About 75% of the time I am listening to vinyl, the rest of the time is CD. The system gets used occassionally for video(DVD), FM. or tapes. I have a pretty nice room about 20x 25 that has pretty decent acoustics (carpet - thick wood paneling). Don't need massive power.

The system I have now is a mixture of some old (OLD!) stuff and some slightly less old stuff. Despite its age it still all works and sounds pretty good, but I would like to start improving the sound and moving a bit into this millenium. And surely some of this stuff I have will die someday!

Here is what I have:
Turntable - Connoisseur BD2-A (Ford era) (motor and suspension replaced 2 times)
Cartridge - Shure V15VxMR (circa GW Bush 1st term - stylus new)
NAD - P2 Phono pre-amp (circa GW Bush 2nd term)
Integrated Amp - NAD 320CBEE (same age as phono amp)
Speakers - Dynaco A35 and A50's (Nixon era!)
CD - Philips CDR 775 (hmmm Clintonesqe)
Tuner - Denon TU 280 ( guessing 10 +yrs)
Tape - Onkyo - (Reagan era...definitely)
Wires and Interconnects - Signal Cable (1 year old)

I recently went to a local audio dealer who features Jolida products, and not surprisingly the set up there sounded fantastic. I had my heart set on getting a tube amp of some sort, and Jolidas don't require a 2nd mortgage. But his suggestion was to start with upgrading speakers as he said that the other improvements (amp or turntable/cartridge) would be hard to notice if still using my old speakers. The Oskar Heils he had there were tempting.....

At the same time, however, when I did upgrade my wires/interconnects not so long ago, the difference in quality was instant and obvious even with my ancient speakers ( I replaced some Monster wire). So maybe some other component would make a difference.

Anyone have any thoughts on what would be reasonable to do first? I don't mind uprading about one component per year and spending a reasonable amount for it. Just can't do it all at once.

Where would you begin?