It appears the phono exists as a final (what is really "final" with Spectral?) product and was allegedly demoed to dealers in 2015. The question is when will it ship, and likely, current backlog for the superb line of products has to clear first - but that's just a guess. It is said to be taking analog optimization to extremes, with perhaps dedicated separate mono and stereo boards, and all sorts of other goodies. Form factor is likely the same as the preamps. It would be good to see it ship next year, but it's anyone's guess.