Yes I'm very interested also. If this news turns out to be accurate (we'll have to wait for WWDC conference in June), then it opens a whole lot of other interesting possibilities:
(a) Apple in-ears becomes the bottom-end "headphones", while the Apple/Beats brand becomes the high-end (regardless of audio quality).
(b) Larger storage needed (for 24bit files) in iDevices. (A refresh of the iPod Classic?);
(c) Larger iCloud music backup space;
Heck, maybe one...