Thanks for the welcomes and insights everyone - as a newb I appreciate it! So I guess we just live with the noisy carousel, eh? A charming idiosyncracy of the model?
I finished cleaning it up last night and it sounds pretty dang good to me. Of course, my ears are not the best from playing live music over the years, but it seems to have a nice large, open and warm sound that my other CD player lacked. I am a big fan of tube guitar amps over solid state stuff, so I may be a little biased with regards to tube stuff.
The date on the back indicates it was built in April of 1993. Also, poking around the site here I see it should have a remote control- guessing those are not easy to locate as mine did not arrive with one... hmmm.