There is this post as well,
A correction to the 3k3y status update: Built-in disk ripping will not be available on the release hardware. We took the hardware of 3k3y (where it was slow) and put it on an external board (where its blazing fast). This doesn't mean built-in disk ripping will never happen, it is still possible to do via the FPGA at high speeds.
This was added to the FB account after you posted the above.
Edit 2: Would it be possable to run homebrew like Showtime with this device?