After four years of intensive development and extensive real-world gig beta testing, Devine Machine has announced Cycler, which is described simply as "a revolutionary looper".
Devine Machine Software says that Cycler is a totally new approach to looping on computers, designed to simplify creating music, with or without your screen. It is a radical departure from hardware emulation software and contains powerful and unique functions, such as multiple loop length capabilities, a comprehensive battery of effects and infinite undos for each of the 16 loopers, among many other truly unique features. Cycler aims to ease and simplify the relationship between musician and computer.
The release date is set for early 2010; the price is not yet fixed. Plug-in and stand-alone versions for all platforms will be included with purchase. An extensive feature list will be communicated by October 2009.
A commented video demonstrating Cycler in a live gig can be found on YouTube:

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