From Their Website:
For $179.95 (shipping included) this device appears to do everything except brush your teeth for you. Internet radio content is provided by Shoutcast which features thousands of Internet only and terrestrial radio stations.
Can't speak to how it works, but if it does even half of what they claim and does it well this could turn out to be a popular device. To my eyes this may be the first wifi clock radio that doesn't have that "just out of the lab" Heathkit look.
Yes, I called it a clock radio because that is what it will be replacing on the nightstand.