I'd like to add that most gears that claim to have a "24-bit" or so DAC, actually have a 1-bit delta-sigma DAC running at a high speed and utilizing noise-shaping. This makes it possible for them to resolve the equivalent of 24-bit/192kHz for example, but this design is not 24-bit internally. The reason behind this is cost-driven for the most part.
CMIIW: As for Pioneer, most of their 1-bit DAC labelled CDPs don't do upsampling. They just oversample, typically at 8x. What complicates things is that their 24-bit labelled ones (usually utilizing TI/Burr Brown DACs) often also do not upsample afaik, but advertise the DAC's capability to handle the higher resolution (which obviously would not be realized with a redbook CD) to hype up the higher quality part. So 1-bit vs. 24-bit is their marketing speak for customers to know which models carry the higher grade DAC, but in reality both are 1-bit, and neither runs at 24-bit resolution.
I'm not singling-out Pioneer though. This truth-stretching is pretty common, especially for mass-market CE gear. They're not lying, but the advertised numbers often seem to be meant to mislead. That does not make their products bad, in fact CE offer very good value. It's just that the segment is so competitive, that they'd glitter the feature sheet with everything they could put. Of all the CDPs on the market (including more exalted brands) advertising 24-bit DACs (and they do have DACs capable of this), you'd only get a handful that actually do upsampling to 24-bit. Not that you'd gain a lot from upsampling, as we already know that we're still working with the same 16-bit/44kHz source (hence the following of NOS DACs), but it can be misleading nonetheless.