Neil Young is planning on starting a Kickstarter crowdfunding campaign for his new high fidelity music device on March 15th, according to his March 10th, 2014 press release.

The PonoPlayer, which was developed by engineers at Ayre Acoustics (of Boulder, Colorado), will feature a 128 gigabyte hard drive and will convert digital music files to analog.

It will retail for $399 and will be coupled with software and a music service that will sell 192 kHz, 24-bit recordings.

Neil Young is scheduled to speak about Pono at the SXSW 2014 Music Conference in Austin, Texas today from 5 pm to 6 pm, Central Time. 

Update – The Kickstarter campaign was moved forward is is currently active. The device is currently available to people who donate $300 or more. Click here for details.