Will Wadio ever make an SACD player?

That's the problem. They need to free up the licensing so that 20 companies have $10K players out there. I'm still waiting for the software floodgates to open, as that's the key. I'll bet their is more than 1000 cd releases for every one SACD. Software limitations are what's strangling the format, IMHO. If the software market was flooded with even just 50-100 times the new releases, the hardware manufacturers would follow.

Don't forget DAT. You're right, Sony does seem to specialize in failed formats. Not bad formats technically, but they don't know how to support it. I've read where they do it on purpose. They would rather have the pond to themselves and have it dry up, then share it. They figure their R&D can always find another pond. They may be correct, from a business standpoint, if not from the customers standpoint. They are pretty much a monopoly. Nobody dominates the hardware AND software ends of the market like Sony.
I don't think they're writing off huge losses. By owning the whole pond, they're cleaning up. Have no pity on Sony, only their consumers.

Not enough sales because software never really supported the format. It's a shame really.