"My main fear is whatever perceived weaknesses the stripped down model might possess will be interpreted as general weaknesses of the digital approach. A corollary fear is that by not putting my absolute best foot forward to begin with I'll be alienating future professional, more discerning / demanding buyers." - Dewster
I know those fears well.. My bias has been to hold out and go for "top end" first, then, based on the reputation established by this, bring out "lower end" products at lower cost.
But, as you know - it is a lot easier to start will low-end and work up.. I think I made a mistake, because low-end theremins would have been bringing in money while I was developing the high-end.. And I think now that the small size of the market means that any new "high end" theremin would be regarded on its own worth, without too much "bias" because of lower price "starter" product which was not particularly wonderful.
The one thing that could, I think, impact on acceptance of any high-end theremin would be if there were reliability or support issues with the low-end products.. But provided the low-end worked reliably, and performed the specified function/s, I think people would not be put off going for your "flagship".
I am actually looking at putting a moderately priced solid state Lev clone on the market this year - something much less sophisticated than my "flagship" - and am grappling with the issues of price and funding too.. Or I may just offer special one-off builds based on a standard lev-clone board. I could probably do these for about $300 to $500.. But even this is above the price that many would be happy to pay - I think a target price of $250 maximum would appeal to more (go above that, and people are likely to opt for paying the extra to obtain a EW I think) - but that price could only be possible if a batch of 10 or more are made (actually, cost savings really only kick in for larger quantities - say 20+ or a run of 100 to make any reasonable profit) - which means money up - front.
Fred.