$200 processors. Heavens, that would price the Theremini out of its intended market.
But lets look at the price of Theremins in general (and there are not that many choices in the mass market - if you can even use that term for theremins).
Etherwave Plus: $499
Etherwave Standard: $389
Theremini: $299
Burns B3 Pro: $499
Burns B3 Delux: $200
So at a certain level, its clear the Theremini was intended as an entry level instrument (forget any of the issues for now - I'm talking marketing plan here).
A $200 processor would bump it likely well above the Etherwave plus - that would make the Theremini the flagship product - which would also mean its feature set would need to be great and rock solid. I'd pay for it. But how many people are going to pay > $500 for theremins (only the professional theremin community - and that's not a huge market). The $300 price point for an entry level theremin seems to be a sweet spot, with $500 the max. That's what the market is saying now. These are the real issues a company needs to face.
But now lets look at the price of all these things. Compared to any reasonably good instrument even at $500, all these theremins are very inexpensive instruments. You can't buy any decent orchestral instrument for $500 - just beginners instruments. You also can't buy a really great synth for that, but you can get a reasonable synth.
The $64000 question: What should the cost be for a $299 theremin to make money if you are in the theremin business? If I was making them it would be no more than $100 including labor to build, etc. So $18 for the processor to me seems about right. I can't even use a $50 processor or I'm in trouble if cost to sell is 1/3. And maybe 1/2 is more a realistic number here for what's in the Theremini, not sure.
But make no mistake, a company needs to be very mindful of these things. When we build our custom theremins here we don't have to worry about that kind of stuff.
But forget everything I just said, because it's all meaningless. The only thing that matters is what you are able to do with the instrument and as with any instrument it's the player and not the instrument that's the determining factor there. It is first and foremost a thing to make music with and I'm convinced the Theremini can make some very interesting music (albeit maybe not exactly the same kind of music as an Etherwave). So the bottom line is:
Where's my music Gordon! I'm waiting for what Beat Frequency is going have coming out of that Theremini.
Rich