Lightsnake, analog to digital audio converter on a cable

Via Rechorded (Tom's new blog), SoundTech Lightsnake is an analog to digital audio signal converter on a cable, with 1/4" jack on one end, and USB connector on the other. One end goes into guitar/bass/keyboard, and another end goes directly into your computer, which can then run realtime signal processing software. Very very nice. When is a Wi-Fi or Bluetooth version going to be released? :)