Josh...there are 13 caps; 1 on each outlet, then one at the switch.
FWIW, I happen to know that when Audience first embarked on the adeptResponse two years ago, they were targeting a retail price of around $2K (I had the prototype last summer at HE2004). Richard Smith had built and tweaked his own power conditioning unit over the years, and based on those designs, $2K was within reach. But much the way Josh/Occam/tianguis have found better parts, interesting design changes for their Felicia plc, once Richard really got into it, the cost of parts and design/manufacturing-concerns started rising...I had many conversations with John McDonald about the price, and if they could make it lower, they would.
Note that the adeptResponse is a 12-outlet power conditioner; Audience feels that it can be used for an entire home theater (amps, processor, sources, screen/projector, etc). So the adeptResponse can be viewed as costing about $315/outlet. Considering that something like a PS Audio P300 retails $1500 for 4 outlets (about $375/outlet), it's not nearly the most expensive power conditioner on a per outlet basis.
They are planning a 2-outlet and 4-outlet version for later this year which will be appropriately priced...
Just my two cents...