Has anyone heard of this piece of hardware?

As well as bringing 192kHz capability, the WaMi Rack 192X also features revolutionary drivers which allow the user new freedom to route audio between applications.

Being able to allocate the same stereo pair to multiple applications simultaneously, even when using the same driver type, is truly liberating
The DirectWire patchbay lets you internally transfer audio from one output to another input.
4 example, MME soft synth recorded directly into Cubase ASIO, GigaStudio recorded into Cubase, Cubase recorded into Sonar Multi-MME, Sonar recorded into Cubase, and stand-alone MME soft synth into Wavelab MME. And there are no restrictions on using each stereo output pair with multiple applications simultaneously.