They have so much quality audio equipment, it's understandable why people would stump for this because of the Teenage Engineering (TE) involvement alone.
Funnily enough, despite being a TE enthusiast, this is my first time hearing that they had anything to do with this joke of a product.
...which kind of does make me sort look at TE like... wtf were you thinking? ...and sort of definitely makes me question future endeavors from TE. Because this thing is a fucking joke.