I really don't think it is a Dap as Rob has stated more times than once in the last year that they are not doing it. It is not their specialty, the software development for any dap or transport from the ground up is just too prohibitive without a history like Fiio or A&K, plus John and Rob has been running from show to show ever since the introduction of Chord Hugo. I just don't think they have that kind of time to do something from ground zero.
great post though a small point if'n I may... there's a great Team of engineers at Chord led by Matt, just because John & Rob have been sauntering around the world sampling different cocktails doesn't mean product development stops... I have few more curved-balls then I'll have to seek out Brunel...