Stupid question, but what is the advantage of having this as a hardware device instead of an iPad/Phone App?
Also, the joy of a single-purpose device which makes it easier to get deeply into it. Also means no notifications or other distractions.
http://hackingthepo.weebly.com/ has a terrifically detailed teardown of a PO-16. Or SiLabs (the MCU's manufacturer) did a marketing video / interview with one of the Pocket Operator's designers about the hardware design: https://www.youtube.com/watch?v=ZjrOnlMkJHU