This is meant to replace the current Audigy2 ZS (entire line, eventually) so I am pretty sure there should be at least a couple of cards in the < $200 range.
If you read the detailed specs on the Creative website and elsewhere, it is certainly capable of multi-input/multi-output 24 bit sound (I believe 8 channels @ 192khz, 16 @ 96khz) as far as the DSP / mixer goes. The DACs are still external and will depend on the card. In fact a major 'feature' of the card (questionable from an audiophile perspective) is the 'high quality' multi-channel / positional 24/192 upsampling feature "crystalizer" which has had some good previews from non-audiophile sites, but isn't something I'm that excited about. Also interesting is the ability to run the "base" clock at multiples of both 44.1 and 48, so it should be possible to completely avoid resampling in at least some modes, or to have 24/172.4 sound, which is technically superior to 24/192 for upsampled red-book (CD) audio. The question is whether the consumer Creative branded cards will provide this ability (there is an ASIO mode.)
Depending on the DACs used, this card should have impressive specs.
I'm really waiting for the E-Mu branded X-Fi cards, they should be very impressive indeed.