Correct. Architecturally it is a simple device. Its SOC (core CPU and system logic) is from freescale. It has a dual core ARM processor running at 1 Ghz! It has GPU for 3D operations, hardware video decoding, support for various copy protection systems, etc., etc. In short, it is a very high-end device for the functions that it is designed for. Single unit pricing for its CPU is $30! If I were to design something for audio, I would have opted for a much lower speed processor that would use less power, run cooler and have less potential for radiated signals.
I am puzzled why they thought they should use such a high powered platform given the target market and size of this device.