I for one would be extremely interested in a higher power version of something like the MICrODEC. as the hardware gets reduced in size i become more and more interested in seeing if one could model my MaxMSP patch DSP functionality (which is basically a modular 5 voice sampler with a total of 75 stereo seconds of sampling or live processing split between 5 sample slots with resampling, LP filter, ringmod, delay and reverb) in a portable DSP device of some kind. i find myself casting looks at something like the Raspberry Pi which apparently is supposed to have an I2S port on its GPIO pins. would that give you the muscle and/or memory you'd need for the job, or am i not seeing limitations that a dual core ARM4 would be better at solving? possible interesting side projects to stir the pot - one high power one low:
High power - BeepCat from Chris Randall of Audio Damage - makers of plugins. Check his proposal out. It's definitely on the higher end price-wise and based around a Beagle Board which i believe isn't included in the price. He mentions the Meeblip as an inspiration (another low power monophonic Atmel based DIY offering in the Mutable Instruments-Shruthi mode).
http://www.analogindustries.com/blog/entry.php?blogid=1316213971302
Low Power - WTPA 8 bit sampler version 2.0
http://www.narrat1ve.com/forum/comments.php?DiscussionID=222&page=wtpa2-teaser
there's a lot of posts on this and the firmware is still in flux so it hasn't been released, but hopefully gives you a taste.
whatever else happens i'd be very interested in what either of you two has in mind for an audio processing board. are there separate links or information for either of your ideas in this regard?
best to all,
scott