The last bit of news I can recall seeing is from an announcement mid-summer last year:
The 1070 "Replacement"
Our first item is one that we mentioned in our last Newsletter. Our inventory of new stock of the Model 1070 Receiver has now sold out, and there will be no further production. Thus, the Model 1070 joins our list of "alumni" products. As also noted, while work is underway for a successor to the Model 1070, we do not expect it to ship until some time next year.
To be honest, I'm wondering *if* there will be replacements for the 970/1070. I could be reading too much in to this note from the 997 announcment:
Sherwood Newcastle will not offer a processor-only version of the R-972. Similarly, Outlaw Audio will not offer a receiver version of our new preamp processor, the Model 997. Each of our respective companies is sticking to what it knows best, ...
But I do find it a bit suprising there was no mention of the 970/1070 replacement in the 997 announcement, even if it was to just say work was still underway. On the other hand I'm guessing the 1070 did well sales-wise and the Outlaw's would probably like to have something to offer in the $1000 price range. Mind you, the 990/1075 B-stock combo sits at just $1275 --- would a $1000 receiver, even an HDMI-enabled one really be a better buy? Maybe they'll rebadge the S/N R-872 and make a few changes...
Oh well, enough speculation for now
-John