In principle you might be able to do some kind of electronic braking via the reel motors, but in practice that would be a really bad idea since you'd have an unholy mess if the power went down.
It would still be interesting to see how much of the transport you could remove and still have a usable machine, though. Further to what I was saying earlier, there were a number of capstanless machines developed. Brennell were developing one, the Ampex ATR did this and so did the Stephens machines.
Frankly, I wouldn't expect any new R&D on a deck from China, I'd suspect more of an adaption of a proven design, or perhaps a reverse engineering of something like a Fostex. Heck, the Russians reverse engineered a B-29...
Is there really a market? I don't know. I'm not sure how big the market was 20 years ago, really, consideraing the price of a Fostex R8 or a Tascam MSR-16, adjusted for inflation you're talking orders of magnitude higher cost in 1990 than what a Delta 1010 costs today. Although, the first digital decks (like the Sony DASH) I think cost more than a house did in 1990. So, in a way "pro-sumer" analog is considerably more affordable today than it was in it prime, but the cost of digital has decreased as well (and probably helped by the lower cost of the PC.)
I don't have firm numbers, but I've raised this point in some of the other (mostly digressions into analog vs digital flame wars....) threads: are there more people using digital than analog? or are there just more people recording at home? (as an "analog vs digital" more people use digital therefore.....)
The answer to the first question of obvious, but I am not sure the proper question ought not to be are there
significantly less people recording analog today then in the past? I honestly don't know. Probably less overall, but significantly? What would be significant 50% 25% 10% and I just don't know the numbers.
Tape as a
consumer medium certainly so, and realistically, the heydey of reel to reel as a hi-fi choice was probably in the 1970s, and the cassette, hung on for a little while I suppose in cars...