Wonderful consequences of this topic!
Talking about CV...
I was thinking if it would be feasible to use, instead of a variable oscillator heterodyning with a fixed one, just a "load sensing" over a fixed oscillator (just like the EM/EW does for the volume antenna).
[Note for Etherwave newcomers (if there is any...): The EM/EW theremin, for the volume antenna, uses a fixed (though slightly tunable) oscillator, and the inductors + antenna capacitance "load" the circuit with an impedance that varies according to hand distance (i.e. the capacitante changes, thus the resonant frequency of the series circuit changes). When properly tunned, the current drain varies with hand distance, thus the voltage drop accross the inductor changes. This voltage drop drives the VCA.]
The proposal here is to use this technique and let the voltage drop to drive a VCO.
Then the resulting voltage can simply be acquired with a fast and precise enough ADC to drive the wave generator.
If the fixed oscillator frequency/generation is uP-controlled, it can be automatically tunned.
I seem to remember that this approach has been discussed before (when Fred was designing a theremin) but cannot find where. If not, can we discuss it?