You know what? I'm pretty sure the text you're looking for was part of one of the public alpha releases, just copied and pasted from the alpha1 release notes.

Here's that block of text:

Quote:

This version marks the return to releasing from the empeg trunk, which has
received a great deal of development over the last year or so since v2 was
branched. The changes are too numerous to list in full, but most are under
the hood, therefore only major functional changes will be listed here.

The player audio path has been entirely replaced with a new filter graph
network implementation. This addresses two major design goals -
extensibility and reliability. It is now trivial to incorporate new
filters (e.g. codecs, special effects, beat matching etc) into the audio
path, and in future the interface for this could even be exposed for third
party plug-ins. The filter graph itself is designed to inherently assure
glitch free playback (when fully debugged).

The player now includes Ogg Vorbis support. Ogg playback should be
work in exactly the same way as MP3 and WMA, as you would expect.

Reorganised the menu structure: Added "Playback" to the main menu, and moved
Shuffle and Repeat into it along with some new features (see below). This
will be controversial, but it keeps the main menu manageable and is fast to
get to, right next to Playlists.

An auto gain control (AGC) filter has been incorporated. When listening to
content in a noisy environment it can be difficult to hear detail in the quiet
passages. Automatic Gain Control is a process which adjusts the overall gain
of the audio output relative to the loudness at that point in time.
Effectively it is a type of real time audio compression. The level of AGC
required can be chosen from the Sound menu.

A pitch bend filter has been incorporated. This is effectively a playback
speed control, similar to that found on DJ record decks. The pitch can be
set from the Sound menu, although ultimately this may require a different
interface.

A stereo separation filter has been incorporated. Certain early stereo
tracks (e.g. ones by the Beatles) are recorded with most or all instruments
panned to the extreme left or the extreme right. This type of sound can be
disturbing on in-car speaker systems, and this filter compensates by mixing
a little of the left channel into the right channel and vice versa. Emplode
can be used to set a property for each track indicating that it falls into
this category (currently titled Stereo Bleed). The filter can be set via
the Sound menu to compensate for all tracks (not recommended), tracks marked
by emplode, or switched off.

A crossfade filter has been incorporated. In Cross Fade mode the player will
mix consecutive tracks together in a similar way to a radio DJ, offering a
more seamless listening experience. This also has the effect of reducing or
eliminating gaps between tracks, but it should be noted that this is NOT a
solution for beat matched continuous mixing. The user can select the length
of the mix from 0 to 5 seconds from the Playback menu.

An intro scan filter has been incorporated. This feature plays back the
first 10 seconds of each track before progressing to the next track. The scan
is switched on or off from the Playback menu. It can also be switched off by
pressing Play, or skipping track.

Incorporated the track profiler (for the seek tool) into the filter graph,
and increased accuracy.