We saw a little information on Teenage Engineering's new baby a few months back. Its an interesting 16 sound, 16 effect machine with a parameter lock step sequencer built on a very compact circuit board. What we see here is still unfinished - there will be a case, small display and a few other refinements, but eseentially this is it.
Whats most amazing is the target price - TE are hoping to bring it in for around $50! Considering their usual premium priced hardware - check the OP-1, its quite a change of direction, and if they pull it off, could sell by the boatload.
In this demo filmed at a festival in Norberg, Sweden, captured by musical jamming ace - Cuckoo - you may know him for his brilliant work with Elektron gear, we can hear what it's capable of already.