Take that, Focusrite! SSL DSP box on the horizon...
Xlogic Channel Strip: Up to 32 channels (it's still not clear whether they mean tracks or channels on either this or the Lexicon box) of this plug, an EQ/Dynamics strip, can be hosted on the box. From the press release: 4-band EQ, switchable characteristics between E and G series EQ, variable hi- and low pass filters, an ?over easy? soft ratio compression characteristic, independent side-chains for compressor and expander/gate, plus a link bus option to connect individual channel strips.
Stereo Bus Compressor: This is obviously the classic SSL 2-buss whacker, love it or hate it. (I'm in the former catagory.)
So, I imagine news of this, and pictures, will start making the rounds pretty quickly. As of right now, the only thing I can find is this press release on ProAudio.de. MSRP of ~1600 Eu, so a street in the 1400 Eu range. This is getting interesting, what with all the sidecar options.
EDIT: In thinking about it, how is this not the functional equivalent of having a 32-channel 9000 Series inside your DAW, sans the mic pres? The more I ponder this, the more I think that this might be the product to beat.