I am definitely interested in one
Definitely like to have one! though I'm not familiar with coding stuff.
How many IRs it can hold at once?
I need a small Cabsim board inside of my DIY preamp pedal.
I'd also be interested in a board when the time comes along, although I'm still a bit wary of construction complexity and screwing up something expensive while trying to DIY. Which is to say that I'm a bit price-sensitive, but following the development with great interest
A Kickstarter or something as mentioned earlier in the thread sounds like a reasonable approach to me.
This seems to fit my needs for a multichannel usb audio interface. Please count me in! I wan't one! 
Nice to see this progress Mark! Of course I'm in for a board as well.
Please count me in Mark for one!
Fantastic project , please count me in for a board.
Put me down for a board. I appreciate all the work.
Thanks for the interest everyone. Some unanswered questions from previous posts:
1) Regarding using a CODEC: "I assume that's just a matter of sending the right initialization commands, datasheet in hand."
Right, the development kit has I2S functions you can call. The FlexFX firmware will call callback functions for events like volume changes from USB, sample-rate changes from USB, a timer, etc. You can add your I2C code to these callbacks to manage the CODEC's behavior/settings appropriately.
2) How was you able to implement the usb boot loader?
The XMOS chip has a ROM boot loader that loads the FlexFX firmware from its internal FLASH memory. This firmware in FLASH memory can be upgraded at any time via USB MIDI.
3) How many IRs it can hold at once?
The XEF232 has 2MB of FLASH of which less than 1MB is program code. So there will be at least 1MB for data (like IR data). For a decent size IR (80 msec at 48k with 32-bit samples) one IR would consume a bit less than 16KB. So that would be 68 IR's.
4) Audio board support?
A companion board is being designed now that has a CS4270 audio CODEC with stereo line-in and line-out connections, a 9V to 5V linear voltage regulator for powering the system from 9V, and some signal conditions for guitar inputs as the alternative input (rather than line-in) that can be selected via a couple of jumpers.