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I have seen it and heard it - it's real.
I am a US ex-pat living and working in Shanghai. Excel Hi-Fi is Krell's Hong Kong based distributor. This past Saturday I became the very first vistor to their new Shanghai showroom. They had it set up in their main 2 channel listening room. When I inquired what it was they told me it was a new integrated from Krell not even available yet. They hooked it up for me for a listen paired with a Meridian front end and Egglestonworks Rosa loudspeakers. I heard it cold and didn't have time for a proper audition, but my first reaction was pretty good. Tight, powerful, classic Krell sound. It also looks very impressive in person. BIG. I am going back this saturday - hopefully I can spend some more time with it. I am looking to add more power for my own Rosa loudspeakers. I am currently driving them with a Mark Levinson 383. The sound is decent, but could definitely use more power in my large listening room.