Not only is this possible it looks as if it will do volume/EQ/delay on analog outs to match a room measurement?? Obviously the Realiser cant remove unwanted reflections and such, but being able to match volume/eq against a studio setup could make a huge difference (especially if you are throwing together whatever amplifiers and speakers you have laying about, using unmatched components, etc)
The only loss is to your audiophile cred for using analog mini-jack outputs in your signal path.
From Stephen Smyth on Kickstarter page:
HDMI in -> decoding -> xx Channels -> volume, delay, PEQ per channel -> xx channel analog out
or
HDMI in -> decoding -> xx Channels -> volume, delay, PEQ per channel -> SVS virtualiser -> two channel virtualised HP out.
Both are correct.
The DTS:X and Dolby Atmos decoding running on the board we buy from MDS is currently limited to 12 channels. Presently no audio DSP company (TI, ADI etc) offers Atmos/DTS:X implementations that exceed 12 speakers at this time so we have no real way of avoiding this limitation. One option is to use the Illusonic up-mixer to convert 7.1.4ch to 9.1.6ch, so perhaps this will provide some motivation for measuring a 9.1.6ch speaker system.
Looking at the datasheet, the illusonic upmixer / analog outs can be used in lieu of Headphone B output, so this can run concurrently with the main headphone output.