Linksys Music Bridge

Has anyone tried this new wireless product out yet? It offers digital coax out and is supposedly music player agnostic via it's "virtual speaker" device. I'm considering picking it up this weekend and giving it a go. I had been leaning towards the Airport Express, but being tied to the toslink connection is a bummer.

music bridge
Looks similar, though I must admit I would prefer the coax digital out. Keep us osted when you get it, especially how easy is the setup??
I have been thinking about getting one of these also, but the only thing holding me back is the WEP Encryption. My current home network uses WPA Encryption, so I don't want to have to dumb down my network for the Music Bridge. Still very curious about this device though. Especially given the price, quality of Linksys gear and selection of outputs. Please give us a full report if you get one.
How does it compare to Squeezebox?

does it play Apple Lossless?
I picked it up earlier in the week. Initial results were not good, but I was using a cheap optical cable instead of my AZ silver coax cable. The sound was dead and lifeless compared to the same CD out of my denon player. I hope to test it out some more today. I'll post my results.