Here's the press statement that Korg has just released:
In conjunction with Arp Instruments Inc., Korg Inc. has revived the legendary analog synthesizer, the ARP ODYSSEY. Originally produced in 1972, the ODYSSEY quickly garnered a faithful following among musicians. Well respected for its high value, ease to play and portability, the ARP ODYSSEY had undergone several improvements during its history and continued to be a long-seller until manufacturing stopped in 1981 due to economic hardships and the digital surge. Loved by a wide range of musicians as a historical classic, its sound can be heard on numerous classic songs.
Now in 2015, Korg has brought back the ARP ODYSSEY for today while preserving the basic design of the original. The new ODYSSEY has a compact body, highly operable sliders, and a 37 note slim keyboard that's easy to play. In addition, a DRIVE switch (new function) is provided and connectors include MIDI and headphone output as well as Patch cables.
"Together the engineers at Korg and Arp were able to nail the sound and feel of the original. Under the advisory assistance of David Friend, the co-founder of ARP Instruments, every detail was adjusted to replicate the original unit's distinctive synthesis," shared James Sajeva, Brand Manager for Korg products. "Every aspect has been carefully considered to stay true to the quality of the original, down to the sophisticated semi-hard case."
Korg has completely reproduced the original circuitry for artists looking to recreate classic sounds and explore new ones. The ARP ODYSSEY has been downsized to 86% of the original. Carefully selected parts are used in the familiar slider section, providing an operating feel that's even smoother than the original.