Loopop just dropped a 23-min introduction to the Cosmos.
[youtube]
http://www.youtube.com/watch?v=xpUG2Op5jrQ[/youtube]
http://www.youtube.com/watch?v=xpUG2Op5jrQ
Here's some notes for people who don't have time to watch the full video:
It can [probably] do much more than most of us initially realized (but it clearly has limitations). With the dual/stereo format, you'll begin with two loops slightly out of time and the degradation begins immediately. (there's a workaround for a mono loop though) Even if you don't use the Blur function, it seems like your loops will quickly devolve into ambient soup.
Unless you pitch down, your max loop is about 23 seconds, so it's ideal for people doing micro loops that will expediently turn into a wash of textures. As with other loopers, it's going to be easier to use on a table or music stand, since some functions require pressing two stomps at once.
You're going to want to have your DAW or a digital multi-track going all the time. Considering the generative nature of the device, that'd be ideal for capturing any fleeting moments of unexpected magic. There's no undo function, so it's vital to turn off the Cosmos' record function, while you experiment with layering.
I don't love the price or the inability to store loops, but I can live with that, since the features are so unique and specialized---they're calling it an anti-looper for a reason. You can do sounds in similar territory to Hologram's Microcosm or a MOOD, but this device would complement both of those quite well, too. For people into the SOMA catalog, this fits fairly well. It's not perfect, but it's bringing something different to the table.