Logitech's own Touch can do the same thing at a much more reasonable cost but does not have as good a DAC as the Transporter. The combination of the Touch along with a great outboard DAC would be a great solution. Othewise I believe the Sonos system is a direct competitor. I have no experience with that system, but users seem to like it.
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Marantz has a new unit coming out soon that streams audio. It works very similar to the Squeezebox and Transporter. MSRP is $800. The device has not been released. But, you can go to the link below and read the product description on the Marantz page.
The New Marantz Unit
I hope other high end mfgs get on the bandwagon and start producing these type of units.