Really no FP? This would make a nice Squeezebox-Server for me, but it should be able to transcode. Will the old model be still produced?
The "old model" doesn't do floating point. I use my plug as an SBS. My music collection doesn't require transcoding, though.
I could do without trancoding since I haven't that many high-bitrate (24bit/96KHz) flac albums yet (but what I buy online is usually high-bitrate, I am sure I will get a Touch :-) ) and work with 2 sets of these albums, one 24/96 and the other 16/48 (with a little hassle involved :-) ), but I am not in a rush and can wait for a plug that has a FPU.
On a side note, why isn't there a Sheevaplug with 2 Ethernet ports? Wouldn't it make a good router?