This is a well-balanced perspective on this whole issue. I bolded the parts that I strongly agree with.I like some of Neil Young's music and I appreciate what he is trying to accomplish. If his efforts preserve music by remastering from original tapes using the most modern digital equipment at a high bit depth and bit rate, it's been worth it.
If, however, he thinks Pono will set the world on fire and have the great unwashed rushing to sign up to the service, he may be in for a surprise. A lot of the things that doomed SACD may harm Ponos, mainly the premium price to obtain music technical superiority but little or no practical superiority.
The truth is there are just not enough enthusiasts who have expensive, esoteric equipment that are willing to pay the premium price. I think most folks cannot hear enough of a difference to make it worthwhile. They are hindered by normal hearing and normal but still good equipment.
I think I'm a pretty middle of the road AK member. I care enough about music and gear to follow the forum. I'm blessed with pretty good listening spaces and pretty good gear. I don't have 20K or 30K or 40K invested. I found Ponos interesting and did a little research. I looked at my listening habits. I listen to my Sansa Clip at work and either CD's, NPR radio or Rhapsody streamed to my iPhone played via Bluetooth to my car stereo. When I'm home, I normally listen to my record collection in my office or to multi-channel SACD's in my dedicated home theater. I've got too many records to occupy my serious listening to want to listen to other sources. Given that, I've decided I can't justify an investment in Ponos. While it's not right for me, that doesn't mean it's not right for others and I hope there's enough of them to support it.
Posts on this thread indicate AK members and other hi-fi nuts have a hard time with perspective. We are a very small niche, a leftover anachronism. Compare the variety of really good stereo equipment from the past to today's offerings. A lot of people, including me, have moved on to other interests. I spend more on home theater, both for equipment and source, than I spend on stereo gear and music. I'm just not interested in investing enormous amounts of money and time pursuing the "ultimate" stereo setup.
I too am a "good but not spectacular vintage equipment" guy. I love what I have, and am thankful to be satisfied enough with it to not have upgrade-itis.
I did the Kickstarter for the Pono because I supported the idea that recordings can and should sound better than they do and anyone who cares about music needs to start steering the conversation in that direction. Neil Young, bless his old hippie heart, is 100% correct in that regard. I bought the Pono simply to vote for that concept with my wallet.
In return I got a portable FLAC player with an outstanding Ayre DAC. Really, when you look what the other Ayre stuff sells for, it's a great deal. You can argue till the cows come home about 24 vs 16 bit and resolution. Bottom line is that the better the recording is mastered, the more little musical jollies you'll get listening to the Pono via headphones or through a nice rig.
What I did not expect was this vehement negativity towards the product and I still don't understand it. Is it about the product hype? I find it hard to believe that people who apparently support Apple products would go an a rant about overpriced and overly-hyped gear!
Look, everybody trying to sell anything (including their opinions, as you can see on this thread!) uses techniques that will appeal to some people and not to others. To each his/her own.
Why bash for the sake of bashing a product that you haven't even heard? What's to prove?