Definitely looks like a headphone amp, and probably has a built-in DAC. But if Meridian really wants to impress me, they'd include the following features:

-- apodizing filters (likely)
-- treble, bass, stereo width and polarity controls
-- both analog and SpeakerLink output

At the same time, Meridian should release an entry level DSP loudspeaker (DSP200, perhaps), designed specifically for nearfield desktop listening.

G68, G91, G98, DSP3100C, DSP3100 (x6), M80 (x3)