A couple of things to note here.
First, this will be coming via a Kickstarter campaign. Hoping for an LH Labs repeat, maybe? Launch is coming March 15th.
Second, the device will be pretty trick and designed by Ayre — not Meridian, as originally thought. The new player will, happily, feature Ayre’s custom minimum phase digital filter for greatly improved audio playback. The circuitry is zero-feedback, like all of Ayre’s gear, and will sport 128G of memory and the top-of-the-line ESS ES9018 DAC chip. The output will use fully discrete components and have a “very low” output impedance to drive “any headphone made”. Best news? Retail pricing starts at $399.
Third, there will be a companion music service, PonoMusic, which is supposed to allow customers to manage their device as well as purchase high-resolution audio. Smart move, right? Think “iPod and iTunes” and you’ll probably be in the ballpark of their goals for world domination. Of course, iTunes is still in play and so is HD Tracks (and about a dozen other hi-res download stores), but I applaud the thought.
Details are scarce at this point, but I’m sure we’ll have a lot of information coming by the end of SXSW, now underway. In the meantime, keep checking the thread over at ComputerAudiophile for the latest.