The highs would have to be terrible, as well as zero control over the backwave, mode cancellation nodes everywhere, no way to adjust a sweet spot to the room, ... just wow .. basically name any issue vs high fidelity audio reproduction and that system is going to have it.
They'll sell quite a few of them because of the smartphone tie-in, but by AudioCircle standards all they've really done is find a new way to make MP3s sound even worse..
$.02