I just discovered the site last night and started getting really intrigued by the Lev Oscillator discoveries and the RCA style with FETs work being done over in the Circuits Scratchpad. Then I found this thread and it looked like something great was in the works. It seems I might be too late though.
Personally, I love the idea of an "open hardware" theremin design. I think the comparison the the Arduino is particularly apt. I've got an Arduino that's not being used for much of anything at the moment, but I still feel it was a great purchase.
I've been somewhat interested in building my own synths for a while now, and have thought about bulding a theremin for my brother (who finds them fascinating). I think there is a definite place in the world for this project. Most theremins I've seen online are either really expensive, built out of modular synth bits (nothing wrong with that, but even more expensive), or cheap junk. My brother's a drummer and aspiring techno producer. I don't see the theremin as becoming a main instrument of his, thus there's no point in a really expensive setup. But he's got enough musical chops to appreciate something nicer than some 555s and a photocell.
Personally, I think the modular approach is the way to go. Even if you want a single board solution (which I'm sure many do), I think that design wise, the modular approach is better. To that end, I think Fred is right in saying that interface standardization is probably the most important thing at this stage. (Or brand protection...)
Some standards already exist and should be leveraged. CV is at the heart of modular synths and should be used where appropriate. This will allow much experimentation with different VCAs and such not. Clearly, audio should be whatever it is that professional equipment expects. (I know it comes on quarter inch phono jacks or five? pin connectors, but beyond that, not much. Clearly, I'm new at this.) I don't think MIDI is especially relevant. (If you want MIDI, use CV and get a converter box, they're commercially available.)
Clearly there are a lot of other standards that need to be specified. For instance, power. Personally, I'm in favor of a single sided supply (for simplicity), but being expected to play nice on some level with third party modular gear might require a double sided supply. Then there's other stuff I've got no idea about (though Fred sketched out a list).
The direction I'm thinking of heading in is very modular. Starting with a simple FET Lev Oscillator (like those built by Chobbs and Dominik) design seems like a solid first step. If I understand it correctly, three such oscillators (two for heterodyning and one for volume) could form the core of an RCA-style instrument. My theory is that one layout could be developed that (with the correct build) is suitable for all three (or two if an alternate volume system is employed). This should help with the ease of the build and reduce number of distinct parts on the BoM. (Somebody please correct me if I'm horribly wrong here.)
Then the question becomes: "What else is needed?" Power/grounding, antennas, tuning/linearizing, and an amplifier come to mind.
But I think therein lies the beginning of the answer as to what interfaces are needed. What is needed to wire together the three oscillators and the rest of the parts into a functioning theremin? Those are the interfaces (it seems to me) that need defining.
Perhaps I'm looking at it the wrong way, but the symmetry of basing the machine around a core of three (nearly) identical oscillators is quite appealing. Of course, I'm sure there are a lot of subtleties I'm missing. I would appreciate it if those of you who know more about this than me could offer your own thoughts on this idea.