http://www.eirec.com/DPimages/digisqwvtest.jpg This is an example if transient response of different sampling rates.
http://www.eirec.com/DPimages/digisqwvtest.jpg This is an example if transient response of different sampling rates.
Sampling theory says that a perfect square wave can be represented at any frequency below Nyquist. That doesn't mean that the codec or the analog electronics are capable of responding instantly at those frequencies, but that has nothing to do with the fact that a 1kHz square wave can be perfectly sampled with a 44.1kHz sample rate. The image is simply incorrect.
Transient response in the real world is generally limited only by the acoustic transducer response of the system, because everything else has the ability to respond much faster than audio rates. With Pono, this means that the earbuds or headphones you use with the player will have a greater affect on the transient response than the electronics inside.
It has been proven over and over via ABX testing that high res formats are completely indistinguishable from a 24b/44.1kHz master. And further studies have proven most audio engineers can't distinguish between lossless audio and 320kbps MP3. That's what the Xiph link elsewhere in the thread shows.