What I take away from it is that the transport won't work its special sauce with existing Schiit hardware, or anyone else's hardware. It'll just be another "genero" transport, to quote Mike, with, I assume, genero performance, unless it's hooked up to one of Schiit's not-yet-working-in-32-bit, still-being-redesigned, release-date-unknown new DACs with the special clock bolted onto the back of the processor.
The implications are staggering if you think about it. Every one of Schiit's DACs will need to be redesigned to include a BWD connection (what does BWD stand for, btw?), and every DAC board redesigned with the new clock. There will have to be new decoder boards for the Yggy. New plug-in boards for the Jot etc.
All to support an as-yet unconfirmed transport for obsolete media. (In fairness it sounds like the clock is in the works no matter what.)
The takeaway is simple: unless you are prepared to update your DAC hardware at the same time as you buy Schiit's new transport, don't bother holding out for it. Get something good now, and enjoy.
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