Koolpep
Headphoneus Supremus
That would require putting both a DAC and a headphone amp in the adapter, which wouldn't solve any problem and just add bulk (and cost).
But it would remove the bulk from the phone (!!). Also, it could be easily integrated in the headphone.
Also, some beats headphones have an amp build in, at least the ones with active noise canceling. One of the reasons why they don't work without batteries.
Let's see how that plays out. The only thing I can say is that Apple is not afraid of abolishing what they deem "old, bad or redundant" technology. Serial, parallel ports, optical drives, 30 pin adapter, Firewire ports, etc.
You can use bluetooth wirelessly for your headphones or the super duper cable if you need a proper plug. Maybe that's the way they will go....maybe not and the 3.5mm isn't going anywhere....