Well, the parts manufacture is outsourced to various companies, so an oversimplified view of what they do is design, assembly and testing. IMO to really appreciate what they've achieved you have to unbox a pair of 009s, where even the plastic cover around the box and inner box are both perfectly folded and taped and even the inner wooden box and foam are all absolutely perfectly designed and fitted. Overall its their painstaking attention to the finest details in their products that makes them what they are.
I want the fancy headphone stands that were in the cabinets! I'd never seen them before.
Mr Meguro struck me as being a completely practically-minded businessman, so my speculation for the reasons for the Edifier buy-out was it that was straight-forward business decision aimed at keeping Stax going in the future by entering into the Chinese market. I wouldn't be surprised if designing a T2 successor would have been quite risky for them without better financial support.