Update: Yes, unfortunately the i16 is too good to be true. We were having a bit of fun for April Fools' day!
RØDE has announced the i16, a surround sound microphone for iPhone, iPad and iPod touch that combines sixteen discrete microphone capsules to capture the user’s surrounding audio environment in broadcast quality.
The i16 is available with both Apple Lightning (iPhone 5, iPad mini) and 30-pin connections. Both are shipping now, with a MSRP of US$399. For more information visit rodemic.com/news/new-rode-i16-offer-360-surround-recording-for-ios-devices