It's not only the difference (or none) between 16 or 24-bit, but it's mostly about the quality of the DAC that is being used - in this case a very high-end one. Then again, it's been proven time and time again that the average person can't even hear the difference between mp3 or FLAC. Considering you'd also need proper high-end monitor headphones, i believe this is more about marketing, the brand and the pitch than i…
And it's a bulky weird triangle shape, which to me is the stupidest part of the whole endeavor.
The design is not for everyone, but I think when viewing it through this use case, it has a much more successful design than a flat form-factor like most portable music players