Fiio would have a genuine hit on their hands if they offered a CLAS competitor that came in significantly under the price (think ~ $200?) of the ALO Audio Cypher Lab Algorythm Solo. This could be paired with the E11 for an awesome portable setup. As an alternative suggestion, a premium LOD cable that has the apple coded decoding chip built in could probably be sold for north of $100.
I don't know how much apple charges for rights to this information, I expect quite a lot, but given Fiio's current growth, and global distribution, as well as economies of scale, I bet that price point would work.
Maybe even an all in one device, the Fiio E27 for $300 would sell like absolute hot cakes.